Critics have flayed this weekend's inaugural Indian Grand Prix as an instance of misplaced priority in the world's second most populous nation with an abysmal malnutrition rate and skewed economic growth.
According to Mallya, that does not mean India should not host events such as the one being held on the $450 million Buddh International Circuit on the outskirts of Delhi.
"In every country, there are the privileged and the under-privileged. We have under-privileged people in our country, but that does not mean the country must be bogged down or weighed down," Mallya told reporters.
"India is a progressive country, we have a strongly growing economy, a large economy. The government is doing all it can to address the need of the poor or the under-privileged people, but India must move on.
"The (2010) commonwealth games were held in India and now it's Formula One. I'm sure there will be several more global events in our country because this is a world class country in many ways."