India's sad plight at the Olympics

I feel ashamed about our nation sometimes.Olympics is one such occasion.We celebrate one gold medal won.Its the first ever individual gold medal.At the same games someone is winning 7 golds and chasing his dream calm cool and composed(Phelps).If our sportsmen make the Olympic norms it makes headlines here.Its something we all need to be embarrassed about.
What do we lack?Genetics cannot be blamed always.Because all games do not demand extreme physical standards except maybe athletics.Even there Chinese, who belong to similar gene pools, have consistently done well and kept improving.I think the following are the key reasons.

1) Lack on infrastructure.
2) Lack of professional sporting bodies.
3) Lack of financial security for athletes/sportsperson.
4) Lack of talent spotting programs in all discipline of sports.

These are the key issues.Feel free to add more points if u feel like it.