The Indian Olympic Association had announced in 2007 that the first race in the country would take place in 2010.
Ecclestone said last year, however, that the race would instead happen in 2011 and he has confirmed that is still the case, despite work on the track having been postponed.
"Of course we will deliver... otherwise we wouldn't have entered into an agreement," Ecclestone told the BBC Asian Network.
"It's a large, large country with a big population and it's good for the sponsors, car manufacturers and everyone involved in Formula One."
Ecclestone conceded, however, that Formula One racing will never be able to emulate the popularity of cricket.
"I doubt in India anything will be a rival to cricket, but let's see," he added.
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