Pretty sure that Europeans mainly watch American movies and wear African/South-East Asian clothes. If we're going to get technical.
It's not true. Westerners are special in their total disregard for other cultures. It's true that Indian movies are more popular in India than in in other places, but Indians also know Western movies, and Africans know Western and Indian movies, while people in the West for the most part live in total ignorance of (pop) cultural developments everywhere else.
This is an argument that really doesn't work on closer inspection. Yes, Indians will also know western movies. They will not, however, be any more likely to know Korean movies than the average European. The knowledge the average Indian is going to have of popcultural developments in other Asian countries is going to be roughly similar (once we adjust for any potentially diminished capacity to know of such things due to poverty) to the same type of knowledge the average European is going to have of other European countries. The fact that western movies (really, American movies) are popular both in the west and elsewhere while bollywood movies aren't has nothing to do with westerners disregarding other cultures and everything to do with budgets, the relative development levels of regional movie industries, and taste.
Indian movies actually do enjoy significant popularity in parts of Europe. Hell, they even get dubbed in German and broadcast on German television for reasons I personally can't fathom. That said, it's unreasonable to expect them to have the same kind of mainstream appeal in the west as western movies will have in India...
...even if only for the reason that musicals are shit in general.
With that in mind, it should be little surprise that East-Asian cinema is more popular in the west than Indian cinema is.