After a one year break, the promoters of the race, Jaypee Group are hopeful of bringing the race back in 2015.
From Sebastian Vettel to Nico Rosberg to Mark Webber, who all have assembled for what is feared to be the last Indian GP, rued the scrapping of the race.
"We like coming here, it's a very different country, always nice to visit and in that regard it's a shame that we lose India from the calendar next year," Vettel, who is in line to win his fourth straight world title, said.
Vettel's Red Bull teammate Mark Webber, who is racing for one last time in India as he is leaving F1 after the current season, said: "The fan base has grown in India and it is fantastic. F1 is a very high profile sport. I love cricket in India. But Indian fans have picked up F1 in a very short period of time. Media have done a big effort. A shame we are not coming back next year.