India Government Doesn't want Formula 1

The India Government has refused to provide financial support for Formula 1 racing in the country - as it doesn not believe that racing is a sport!!

This is the argument released by the government:

"Formula 1 racing would have no impact on the development of sports in the country. Formula 1 is not purely sports. It is entertainment and this venture by JKSP is a commercial initiative. It will not have an impact on Indian sports in terms of either participation, broad-basing or promotion of excellence."