The 20-year-old from Guntur, Andhra Pradesh beat world number eight Ponsana 21-16 21-12 in a 34-minute match to script the biggest win of his still nascent career.
"When I went into the court, I was pretty okay. I was not thinking anything. He was the local guy and the court was also with him. I knew I had a 50-50 chance even though he is world number eight," the excited youngster told PTI.
The 13th-seeded Indian matched his fancied rival in all departments of the game in what turned out to be a lop-sided contest.
"The win has not sunk in. I am still pretty excited. I spoke to my parents and they are also very happy. I will be travelling to Hyderabad tonight and probably fly back to Singapore next Friday or Saturday," he said.
The first game went neck and neck before Srikanth broke free to notch up six consecutive points to win the game and wrest the initiative.
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