It should -- if you have the Hindi font installed in your operating system.
Hi, Just FYI. I tried the trial version to test my question, and Premiere Elements 15 does support Hindi fonts; but it doesn't support correct rendering complex letters. I'm not very techie; but I think it has to do with support of newer Unicode versions. I've attached an example. The word I typed is translated to "buddhiman" in Roman letters. The same word has been typed in both cases; but the 2nd example combines d+dh+i correctly. So, in conclusion, Premiere Elements 15 DOES NOT support complex letters.