Do you have any objection with the title Slumdog Millionaire

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Though the phenomenon has passed now and everything seems to be settled. But, one thing that still hurts the sentiment of many Indians is the title of SM. As said by Arindam Chudhary it Hindi translation is 'jhopadpatti ka kutta bana crorepati', it is a bit confusing why a title like it has to be chosen. Do you think it disparaging?