The phrase "losing proposition" has to be defined. It is apparently true that only the Tokaido Shinkansen (Tokyo to Osaka) in Japan and the Paris/Lyons TGV are financially profitable in the sense that revenues from passengers cover all operating and investment costs. But, when economic benefits such as time savings, improved safety, reduced emissions, better land use, reduced highway accidents, etc are taken into account, a number of other lines can be economically justified, though this obviously requires public support in return for public benefits. HSR in India would probably not be immediately justifiable in a financial sense, but might well be justifiable in the total economic sense, as is true in other countries.