The second-seeded pair sailed through their earlier rounds in the Junior Boys Doubles, before running into the giant-killing Chinese duo Yingbin Xu and Heyi Yu.
They put up a valiant fight before going down to the Chinese combine 1-3 in the final played on Thursday.
Thakkar and Shah had their opportunities in the opening game itself, but they failed to wrap it up and lost 12-14. Xu and Yu rode on the momentum to clinch the second game too at 11-8.
The Indian pair routed the Egypt-Italy team of Youssef Abdel-Aziz and Carlo Rossi 3-0 in the semifinals.
The quarterfinals were much tougher, with Leo de Nodrest and Jules Rolland of France winning the first two games 11-7, 11-6. Thakkar and Shah, however, recovered smartly enough to win the remaining three games, all at 11-7.
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