So how many medals will India win in Rio Olympics?
Eight, if you go by a report prepared by a leading financial institution that predicts Olympics medal haul of different countries based on the strength of their economy.
According to The Olympics and Economics 2016: Modeling Medal Success in Rio - a report compiled by multinational banking and investment firm Goldman Sachs, of the eight medals India is forecast to win in Rio de Janeiro, only one will be gold. If this prediction comes true, India will gain two medals over its London tally.
With this medal, India is likely to finish 50th in the standings, which, according to the report, will be led by the United States with 106 medals including 45 gold. China will be placed second with 89 medals of which 34 will be of yellow hue.
According to this forecast, Great Britain (based on United Kingdom’s economic parameters) is likely to finish third in the standings with 59 medals and Russia, despite being depleted by the dope-enforced absence of many medal prospects, is expected to finish fourth, just one medal behind UK. South Korea is likely to make up the top five with a medal haul of 28 (13 gold medals).
The predictions are based on Goldman Sachs’ proprietary Growth Environment Score (GES), which takes a broad measure of growth conditions across countries and is designed to capture important features of the economic, political and institutional environment that affect productivity performance and growth. These scores are used to judge the countries’ long-term potential. “Their inclusion in the model reflects the simple insight that a country is more likely to produce world class athletes in a world class environment; and while that is hard to measure in a sporting context, we think our GES scores provide a useful and holistic measure of a high quality environment that can be related to sporting success in addition to economic success,” the authors of the report claim.