Three of the four Indian Open team players are in line for gold and silver medals for the individual performance.
China would have been among the top medal contenders in the Olympiad and their absence would brighten India's chances.
In an event completely dominated by the Chinese, Ju Wenjun went on to snare the world title, defeating compatriot Lei Tingjie 3.5-2.5.
The 16-year-old top seed was in fine form and remained unbeaten through the nine rounds. He finished the tournament with a victory over fellow-Indian V Praneeth, an International Master, late on Friday.
The men's team comprises Grandmasters D Gukesh, Gujrathi, Erigaisi, P Harikrishna and R Praggnanandhaa.
'There are several talented players like R Vaishali, Divya Deshmukh, Vantika Agrawal, so the future is certainly bright.'
The Indian teams made winning starts in the Open and women's sections of the 44th Chess Olympiad in Chennai on Friday.
Over the past few months, the overall interest in chess is reported to have doubled, with more players than ever coming together to participate in chess events that are being increasingly held through online platforms
The event that was inaugurated by five-time world champion Viswanathan Anand will have 11 rounds before the best player in the under-20 category can be determined in both sections.
India's chess ace Dronavalli Harika was among the several players who were allegedly sent sexually abusive mail during an event in Latvia in November last year.
Chess great Magnus Carlsen is launching a world Freestyle Chess tour as the variant of the game, also known as Chess960, is gaining in popularity, the world number one announced on Friday.
The 18-year-old Gukesh's triumph was celebrated far and wide across the country with the PM joining the sports fraternity and others in lauding his incredible achievement.
India will be fielding three teams each in the Open and women's sections respectively.
The FIDE Presidential Board also awarded the International Woman Master title to 12-year-old Dronavalli Harika.
Another game to end through repetition of moves was between Gukesh and Gujrathi.
Viswanathan Anand would become the deputy president of the world chess federation (FIDE) if the incumbent Arkady Dvorkovich is re-elected as the president in the elections scheduled during the 44th Chess Olympiad in Chennai in July-August.
The 23-year-old becomes India's 11 Grandmaster.
FIDE corrected the ranking error to crown the Indian ace as the top ranked player in the world.
Holder Viswanathan Anand will clash with Boris Gelfand of Israel for the 2012 World Chess Championship title, which will be held in India for the first time.
World Championship challenger D Gukesh on Sunday said he didn't think about his personal achievements and was prepared to do "whatever it takes" to secure India's maiden gold medal at the Chess Olympiad following near-misses in previous editions.
'The win will change a lot of things in Praggu... the confidence in his potential will be one of them. The win has ensured a lot of visibility which will give him a lot of opportunities.'
The All India Chess Federation decided to recommend Grandmaster Viswanathan Anand for the coveted 'Bharat Ratna' award.
The US team fought back brilliantly after being trounced in Round 1 by India to win the second and the Blitz tie-break 4.5-1.5, emerging victorious in an exciting semi-final in the FIDE Online Chess Olympiad on Tuesday.
India played out a 2-2 draw against Europe in Online Nations Cup chess tournament in the eighth round, a setback after their first win in the event notched up against the Rest of the World. Vidith Gujrathi ended his barren spell with a win over Levon Aronian of Europe with white pieces while Jan-Krystozf Duda beat P Harikrishna to level the scores in the match on Friday.
The All India Chess Federation on Thursday felicitated Grandmaster Viswanathan Anand for retaining the world chess championship title.
India's chess maestro Viswanathan Anand along with Koneru Humpy, Dronavalli Harika, Nihal Sarin and Rameshbabu Praggnanandhaa will be offering simultaneous exhibitions on Chess.com to support COVID-19 relief in India on Thursday.
The Grand Prix consists of four legs, with a total of 21 participants. Each of the 21 players participates in three out of four Grand Prix legs. Each GP is a 16-player knockout event.
Chess champion Koneru Humpy has been nominated for the prestigious Rajiv Gandhi Khel Ratna award
Grandmaster Vidit Gujrathi on Tuesday said "everything came together" for him at the Grand Swiss event on his way to the Candidates.
On his part, Chauhan sought to emphasise how the AICF was the first federation to come out in support of Anand's candidature as the deputy president.
Chess wizard Viswanathan Anand's mother Sushila Viswanathan passed away in her sleep in Chennai.
In a kind gesture, Grandmaster Viswanathan Anand is giving financial support to the Indian team in their preparation for the World Blind Chess Championship to be held in Belgrade, Serbia from August 26 to September 4.
Sankalp Gupta becomes India's 71st GM.
Indian captain Mahendra Singh Dhoni and his team will felicitate World Chess champion Viswanathan Anand on the opening day of their first cricket Test against England, beginning in Chennai on December 11. Dhoni will present Anand with a one carat diamond ring, worth approximately Rs 5 lakh, at a function organised by the All India Chess Federation.
Meanwhile in the women's event, Padmini Rout and R Vaishali joined compatriot Bhakti Kulkarni in the second round.
P T Ummar Koya's said it was impractical to recognise the newly-formed Chess Players Association of India.
India suffered a double blow, losing its third and fourth round matches to Europe and top-seeded China by similar 1.5-2.5 margins, on the second day of the FIDE-Chess.com Online Nations Cup on Wednesday. Five-time World champion Viswanathan Anand came up against a strong opponent in Ding Liren and the two agreed to sign peace in 54 moves. P Harikrishna held higher-rated Yu Yangyi to a draw while long-time rivals Koneru Humpy and Hou Yifan drew their game.
Like Gukesh, Aronian was just able to draw two games and lost one.
The Chess Players Association of India has alleged irregularities in the AICF's balance sheet.
ll India Chess Federation (AICF) has offered Vidit Gujrathi and Koneru Humpy to play the remaining matches from five-star hotels.
