The 23-year-old world number 144 (before the final) from Faridabad, however, secured the Paris Olympics quota for the country after topping the second ranking round match with a brilliant 24 out of 25 hits.
Parupalli Kashyap regained his place inside the top 10 in the latest BWF's world ranking, release on Thurday.
P V Sindhu, will have to punch above its weight to salvage any hopes of a medal after being handed a tough draw in the badminton event at the 18th Asian Games.
The prestigious awards recognise the achievements of the elite badminton players
The drills kickstarted on Saturday (April 8) right after Taiwan President Tsai Ing-Wen returned from the US where she met House Speaker Kevin McCarthy, a meeting to which China strictly showed opposition to.
Srikanth had last reached the quarterfinals at the Singapore Open in April.
Adapting to the conditions in Rio and changing on-court strategy in match situation will be the key to success, according to ace Indian shuttler P V Sindhu, who is aiming to add an Olympic medal to her two World Championship bronze medals.
Saina lost 9-21, 12-21 in the women's singles clash that lasted just 24 minutes
Srikanth fought hard for 55 minutes against second seed Chou Tien Chen of Chinese Taipei
The Indian junior archers capped a stunning show by winning eight gold, four silver and two bronze medals to top the medals tally at the Asia Cup Stage 2 at Sulehmaniya, Iraq on Wednesday.
India's shooter Apurvi Chandela had a gold medal in her grasp before a slip up in the 19th shot pushed her outside the medal bracket at the ISSF World Cup Rifle/Pistol stage.
Indian shuttlers had a relatively good day in office at the Indonesia Open Super Series Premier badminton tournament in Jakarta on Wednesday, with the women's doubles pair of Jwala Gutta-Ashwini Ponnappa and the men's team of Manu Attri-B Sumeeth Reddy progressing to the second round.
Following is India's schedule at the Asian Games in Hangzhou on Wednesday, October 4.
Reigning World champion and title favourite P V Sindhu sailed into the pre-quarter-finals at the China Open Super 1000 tournament with a convincing straight-games victory over former Olympic gold medallist Li Xuerui, in Changzhou, on Wednesday.
Mary Kom defeated Chinese Taipei's Meng-Chieh Pin in a split verdict in the quarter-finals to make the last four stage of the light flyweight (48kg) category.
Chirag Shetty and Satwiksairaj Rankireddy emerged victorious over the England pair of Ben Lane and Sean Vendy in their final Group A match but still missed out on qualifying for the quarter-finals in the men's doubles badminton at the Tokyo Olympics on Tuesday.
India's schedule at the Asian Games in Hangzhou on Monday, October 2.
Neeraj Chopra will be the cynosure of all eyes as India begins its athletics campaign in the Asian Games
Veteran Indian tennis star Leander Paes and doubles partner Czech Radek Stepanek entered the US Open men's doubles pre-quarterfinals with a straight-set victory in the second round in New York.
P V Sindhu secured her fifth World Championships medal following a stunning comeback while B Sai Praneeth became the first Indian male shuttler in 36 years to grab a podium place in badminton's prestigious event, in Basel, on Friday.
The eastern theatre command of the Chinese People's Liberation Army successfully completed all tasks of its combat readiness patrols and exercises around Taiwan Island, official media in Beijing reported.
India's Sania Mirza and Rohan Bopanna notched up contrasting victories in their respective doubles matches to reach the round of 16 at the US Open in New York on Saturday.
Young men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty too entered the quarter-finals after getting past Chinese Taipei's Liao Min Chun and Su Ching Heng 21-17, 21-16 in the second round.
Badminton players P V Sindhu and Kidambi Srikanth carry India's medal hopes on Day 11 of the 2016 Rio Olympic Games.
Two-time Olympic medallist P V Sindhu hopes the Commonwealth Games will serve as a perfect launchpad in her quest to regain the World Championships crown next month.
Divya Kakran shrugged off a crushing quarter-final defeat to bag the bronze, ensuring that medals continued to come from the wrestling arena even as three other Indians crashed out early at the Asian Games.
But the Indian mixed doubles pair of Arun Vishnu and Aparna Balan suffered a close 18-21, 21-10, 22-24, loss to Russian pair of Evgenij Dremin and Evgenia Dimova, while another pair of Tarun Kona and Sikki N Reddy too went down 13-21, 17-21 against Liao Min Chun and Chen Hsiao Huan of Chinese Taipei.