If you play with the new setup and no bids, I could see it as a potentially good gambit. You would have to commit the Egypt fighter, which may cause you to lose Egypt. But at least India should hold with the extra Inf in the new setup.
At 55% win chance, it may well be worth the investment. Losing all of that navy for J gives america a shot at the Pacific. This will likely cause you to have no fighters in the theater. The US fighter can move from china to Egypt to hold a G2 push, but depending on what they do in the Med, that may not be enough.
If you pull it off and still have a surviving fighter, I think that you are pretty golden.