The 21-year-old from Siliguri stunned top seed and world no.82 Jang Woojin of South Korea enroute to the final played over the weekend.
Ghosh, who has risen to 108 in the latest rankings, also beat Poland's Konrad Kulpa (3-1), home favourite Anton Kallberg (4-3) and India teammate Harmeet Desai (3-0) in the high-profile event.
However, luck was not in his side final which he lost in seven games to 90th-ranked Yoshida Masaki of Japan. The Indian went down fighting 11-4 12-10 9-11 10-12 11-9 4-11 5-11.
He is now confident of breaking into the top-100 next month, making it a rare occurrence when two Indians will be amongst the world's top 100. The experienced Sharath Kamal has moved up three places to be 41 in the ITTF rankings.
"Reaching the final is a great result for me. It is my last year in the U-21 category and I am glad I could make it count. The final could have easily gone my way too. The main aim now is to further improve my world ranking," said Ghosh, who is India's youngest national champion.
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