Is bollywood bigger than Hollywood??

In your opinion, in terms of cinema, has BW surpassed HW?

Lol bw still has a long way to go. I mean, Hollywood shouldn't be the highest standard to rate good cinema because Hollywood has it's share of cheap "masala" films and gross comedy.
Hollywood also doesn't make the best actors and actresses top stars or act like they are better than singers. There is also a fair share of good pieces of wood who are very popular in HW too.

Now if we are going to talk about cinema in general, I think HW is slightly better. There are better action films, CGI, and maybe overall more actors and actresses can actually act. BW is slowly getting there, but it will take some time. But to be honest, I am starting to find both a bit lack lustre these days.

Bollywood is largest cinema in terms of highest footfalls and employing people too

Are you serious Hollywood has their own share of masala films but they are way better then BW.