The fate of India's ambitious 2036 Olympic bid will be known in mid 2029 after the International Olympic Committee (IOC) approved the addition of a Strategic Dialogue phase in the host selection process, during which the candidate nations will have to provide "core financial guarantees" among other requirements. At the global body's 146th Session in Lausanne on Wednesday, the IOC's Future Host Commission chair, former Croatian President Kolinda Grabar-Kitarovic, proposed the introduction of the new phase, which was approved by the member nations. "Potential hosts wanted greater clarity.