"It seems to me that there is a bureaucratic challenge, which has meant the Indian Grand Prix can't return. It's a shame. I thought it was a good start and a lot of effort was put in doing a great track there. The drivers liked the track," he said.

Hill is the ambassador of the Standard Chartered Mumbai Marathon, whose 11th edition will be held on Sunday.

The Indian GP event is not on the F1 calendar for 2014 after making its debut in 2011.

"The question hinges on what is the value of an international event to India. Maybe within India, it does not have the popularity that it has elsewhere and so it is perceived as not being important. But I think if you go outside India, to have a Formula One race is a good advertisement for a country," said the 1996 world champion.

The former British racer is also shocked by the news of F1 ace Michael Schumacher's ski accident which has left the seven-time world champion in a comatose state. The German legend is fighting for his life in a hospital after suffering a fall during skiing in the French Alps on December 29.

"It has affected everyone in sports. Definitely a cloud is hanging over Formula One at the moment because Michael has been such a large part of the sport, a large figure, so we are all shocked by any kind of event like that," Hill said.

"Michael's accident has made us all realize how vulnerable we all are, how precious life is. It is a massive shock to everyone. We are all deeply concerned for him and praying for his family," he said.

"But, Michael loved skiing, he loved life and we all come from a similar make up. There are millions of people who go for skiing every year and enjoy the sport and I am sure that won't change.”


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