The shuttle legend also welcomed Srikanth's decision to opt out of the two back-to-back Super Series events in China and Hong Kong to get fit and go into the season-ending Dubai Super Series fully charged.
"There is a sudden spurt in the popularity of the sport but there are not enough quality coaches. The Olympic Gold Quest (of which he's a founder member) has just started a coaches education programme.
"We have some very good coaches, but unfortunately they don't get a chance to upgrade their knowledge, to keep pace with the international level. There's a lot of emphasis on players and, if this growth has to continue, we need to focus on coaches.
"The best way to do that is to get good a foreign coach, only to train coaches, as right now all coaches are coaching only the players. If we have one dedicated coach to train 50-100 coaches who can go back and coach their wards, that will be a very good move," said the shuttle great.
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Lauding Srikanth's decision to skip two Super Series events to concentrate on the Dubai Super Series finals, Prakash said the Indian players need to be smart and plan their schedule in such a way that they peak during the weeks when the major tournaments take place.
"They (Indians) are definitely playing more than the required number of tournaments. It's important to strike a right balance between playing and resting. They need to be careful not to play too many.
"The focus should be on winning the important tournaments like the All England, World Championships, Olympics and Super Series finals. You should try to peak during these periods and accordingly plan your schedule. It doesn't matter if in the bargain your ranking goes down for one week.
"People later remember you by the number of important tournaments you have won. I am not saying ranking is not important, but if there is a variation in ranking that should not worry you much. These big tournaments also give a lot of points," he said.
"There is no guarantee he will win the Dubai event, but I think it's the right way to prepare. He has a good chance of doing well there and become the no. 1, if not now but later. The main thing is you should be 100 per cent fit and capable of winning every tournament that you play. That's how I was brought up. Things are the same even now."
"I feel they need to participate in 1-2 domestic tournaments. The game has given you so much. You have the rights as well as obligations, one of which is to popularise the sport.
"The presence of the top players in the nationals at Nagpur and the kind of publicity it generated and the crowd it attracted were tremendous. I will strongly recommend to my players to play 1-2 tournaments annually as they will be doing a great service to Indian badminton," he remarked.