India's hopes of hosting an Olympics in the near future was dealt a blow by the country's sports minister Manohar Singh Gill, who said the country was far too poor to even consider the idea. India will stage the Commonwealth Games next year and the country's Olympic association (IOA) chief Suresh Kalmadi had said India would bid for the 2020 Summer Games after the successful delivery of the New Delhi event. “I am not sure if India should be thinking of the Olympics. Look at the poverty here,” Gill told the parliament. “Some of our colleagues (in parliament) and people outside casually say we should be bidding for the Olympics... I don't think so,” Gill told the country's lawmakers, according to Thursday's Hindustan Times. “China spent $50 billion for the Beijing Olympics. Are you ready to spend that much?”