This is India's first world title at the youth championships since Deepika Kumari's victories in 2009 and 2011. India also bagged one silver and one bronze in a promising show by the youngsters.
Ningthoujam and Bhakat, seeded ninth, had upset top-seed Korea in the quarterfinals, before beating their Russian opponents 6-2 in the final yesterday.
"I was initially feeling a little shaky but I shot very well and we won the gold. Now I'm happy," said Bhakat.
"The hard work has paid off and now we'll hear our national anthem."
Ningthoujam also returned with a second medal when he alongwith Shukmani Gajanan Babrekar and Atul Verma lost to a heavily-favoured Korean squad in the final of men's team event to settle for silver.
India also took a bronze medal in the compound cadet women's event when Khushbu Dhayal, Sanchita Tiwari and Divya Dhawal defeated their opponents from Great Britan 212-206 in the play-off.
Deepika had won the recurve cadet title in 2009 and recurve junior crown in 2011; Palton Hansda, in 2006, was the first Indian archer to be crowned world champion, when she took gold in the compound junior women's event.
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