Indian Prime Minister Narendra Modi confirmed Saturday that his country would bid to host the 2036 Summer Olympics and become just the fourth Asian nation to stage the Games.

The world's most populous country is this weekend holding a session of the International Olympic Committee's executive board, which has already resolved to include cricket — India's most popular sport — at the 2028 Games in Los Angeles.

Modi made the bid announcement while formally opening the meeting after months of hints from members of his government, saying it was the "dream and aspiration" of India's 1.4 billion people.

"India will leave no stone unturned in our efforts to organize the 2036 Olympics," he said.

Modi did not mention which city would apply to host the Olympics.

But media reports have speculated that Ahmedabad, the capital of his home state of Gujarat, was the most likely city to bid.

Ahmedabad is home to Narendra Modi Stadium, named for the prime minister and with 132,000 seats, the world's largest sporting venue by capacity.

The formal announcement comes just two months after sports minister Anurag Thakur said India was now home to "top global infrastructure" that left it ready to stage the Olympics.

"There should be no question about India's competence," The Hindu newspaper quoted Thakur as saying.

India this year held the presidency of the G20 and was roundly praised for its smooth hosting of the world's most powerful leaders.

Modi said Saturday that the G20 summit's success was proof that the country was ready to put on "mega global events".

But India has struggled to stage large-scale sporting competitions in the past.

New Delhi's hosting of the Commonwealth Games in 2010 was marked by construction delays, substandard infrastructure, and accusations of financial mismanagement and corruption.

India is currently hosting the Cricket World Cup and was criticized for a delay in announcing the tournament fixture until three months before it began.

The schedule was suddenly overhauled a few weeks after it was first published with some of the biggest matches rescheduled.

Fans have meanwhile complained about online ticketing crashes, and matches not featuring the hosts have been sparsely attended.

Modi's announcement came just moments after India beat Pakistan in the World Cup's most anticipated fixture.

Turkey, Indonesia, Mexico and Poland are so far the only other countries committed to bidding for 2036.