What Plaques Indian Sports and Athletes from getting medals in Olympics

India has won only 24 medals in total since it first competed in the Olympics in 1920. Of its nine gold medals, eight were won by its field hockey team between 1928 and 1980. The Indian government spends US$181 million a year on sports and youth affairs; There is a good news for the Indian athletes who have qualified for the Rio Olympics. The Sports Ministry has decided to offer an “out-of-pocket” allowance of Rs 1 lakh per month to each of them till the Rio Games. A total of 89 athletes have qualified for the Olympics and they would be receiving Rs 1 lakh per month till August 2016. The funding would cost the Ministry in excess of Rs 2.6 crore. Haryana Sports Minister's Rio Trip To Cost Rs 1 Crore While Only 3 Paise Is Spent Per Day On Athletes!.

China has recently put an estimated US$3 billion into each Olympic team.

Every year, the United States Olympic Committee gives out about $50 million to more than 40 national sport federations to help athletes in their medal quests.
Australia spends a huge amount on elite Olympic sports.

The Australian Sports Commission gets $250 million from the government to spend each year — over $100 million goes to elite athletes. State Institutes of Sport also spend up big.

Flaim, a two-time Olympic silver medalist who’s now a financial adviser with Ameriprise in Portsmouth, N.H. Flaim’s estimate of what his Olympic run cost over a decade-plus of training and active competing? At least $250,000.
According to Sport Canada statistics, funding levels for Winter Olympic sports has more than doubled since the lead-up to the Torino Games in 2006. And, last Tuesday the Tories' committed to an ongoing annual contribution of $23 million to amateur sport — most of which will go to fund the development of 'medal potential athletes.'

The Indian Sports Ministry alone spent a considerable sum of Rs. 142.3 crore on the ‘Operation Excellence for London Olympics 2012’ or OPEX 2012 for short. This is quite apart from the Rs. 750 crore a year the Ministry spends out of its budget on sports, including running several national level permanent, semi-permanent and temporary training centres and camps, besides paying for coaches, support staff and equipment.

So is Finance the real issue?

Indian athletes and sportsmen suffer for want of funds, the argument went. Without access to world-class facilities, infrastructure and training, it is simply not possible to be, well, world class. We need mindset to change and build international standards of infrastructure, which it can atleast make Indian more fit