In case you have not already seen it: Scroll.in ran a story a few days ago that provides a succinct overview of the current scene in commercial South Asian typography. You will find a few familiar names here from the Indological community as well as several new ones who are doing good work. 

In particular, it provides an introduction to the work of the Indian Type Foundry and EkType, both of which have developed beautiful Unicode fonts in multiple South Asian scripts, and for multiple South Asian scripts. That is to say that they are grappling with the challenge of developing fonts that appear uniform across multiple South Asian scripts, and across South Asian scripts and the Latin script. (Anyone who has tried to typeset a document in both Latin and a South Asian script knows how time-consuming this can be when fonts do not match up in terms of weight, kern, tracking, etc.)

Though many of their fonts are proprietary, each has several fonts that are open source. I have recently begun experimenting with the Jaini calligraphic font developed by EkType, which is (loosely) based on the script used in a 1503 copy of the Kalpasūtra. (I say loosely because they have modified some glyphs so that they will be more easily recognized by contemporary readers unfamiliar with earlier orthography.) Several other gems can be found on the Indian Type Foundry and EkType websites. 

Regards,

Tyler Williams

University of Chicago