Lakshya Sen, who had entered the finals in 2017 and semifinals in the last edition, set up a third-round clash against Jammu and Kashmir's Vipul Saini.
The 17-year-old from Almora fought hard before going down 22-20 16-21 13-21 to Vitidsarn in a match that went on for an hour and 11 minutes.
BAI president Himanta Biswa Sarma took to Twitter and announced a cash prize of Rs. 10 Lakh for the rising badminton star.
The 16-year-old from Uttarakhand on Sunday became only the third Indian to win a gold at the prestigious tournament.
The 16-year-old thrashed his Indonesian opponent 21-19, 21-18 to win gold for the country at the mega-event after a gap of six years.
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