New Delhi: Badminton Association of India (BAI) President Akhilesh Das Gupta today announced a cash award of Rs five lakhs for World No.4 Kidambi Srikanth in recognition of the young shuttler's Swiss Open victory.

Kidambi Srikanth
Kidambi Srikanth 

"Srikanth is playing outstandingly at this moment and we need to reward our athletes for the recognition they acquire at the international level," Gupta said in a statement.

"Backed by the performance at the Swiss Open, expectations will be high on Srikanth to get a podium finish at the upcoming Yonex Sunrise India Open, 2015 to be held in New Delhi from 24th March," he added.

Srikanth was top seed at the Swiss Open Grand Prix Gold Badminton Championship. He defeated Viktor Axelsen in the finals 21-15,12-21,21-14 to claim the title.

He has been in terrific form in recent times, defeating two-time Olympic and 5-time World Champion Lin Dan in his own backyard at China Open.