Srikanth had the world at his feet when he became the first Indian to win a Super Series Premier men's title in the 2014 China Open after beating two-time Olympic champion and five-time world champion Lin Dan in the final.
A win at home in the India Super Series was the icing on the cake and propelled him to World No. 3 in June last year but then it all fell apart.
However, Srikanth said he was never worried about his Olympic qualification.
"I was tense but not for my qualification, it was my game that I was worried about since I knew if I can play well, I will automatically qualify," Srikanth, currently ranked World No. 11, told PTI.
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"I was not worried about my ranking, I was worried because I was not getting time to train. I was playing one event after another whether it was PBL, Malaysia, SAF games, or German Open or ABC, there was simply no time.
It was in May when the 23-year-old from Andra Pradesh became one of the seven shuttlers to qualify for the Rio Games after the rankings were released.
"I was happy to qualify. It was a big dream. I knew it but in May to actually officially qualify was a big moment. I hope I can make India proud."
"They are the most experienced players who have played in the last 2-3 Olympics and I think they will have an advantage. But it doesn't help everyone all the time. It can help to get a few close points but then there are so many players who win a tournament or a medal playing for the first time. So it doesn't help always," said the 2013 Thailand Grand Prix Gold champion.
said: "I never watched or followed Olympics as a child. My first memory of Olympics was watching Saina Nehwal play at the Beijing Games quarterfinals.
"It was that moment when I sort of thought that what if I could play at the Olympics someday. Ever since it has been a dream of playing there, every time you see someone play at the Olympics, you want to be there," he added.
Talking about the preparation for Olympics, he said: "It has been a good one and a half month for me. After a long time I could get a necessary break and I really could work on overall aspects of the game. Also Mridu helped us with our mental aspect."
"It is only when the media ask me about it, I feel the pressure. I can't complain about it. I have to play there and perform to the best of my ability."
Ahead of the Olympics, many athletes across the globe have pulled out citing Zika virus as the reason.
Asked if he has any similar concern, Srikanth said: "No, it is not a concern. We are following the guidelines that have been issued by the Ministry and I am sure the government is taking all the necessary steps regarding that.