However, it was curtains for teen sensation P V Sindhu, who suffered a three-game loss to lesser-ranked Nozomi Okuhara of Japan in the second round of the women's singles to bow out of the tournament.
Srikanth, who had defeated two-time Olympic champion Lin Dan in China Open Super Series Premier men's singles final on Sunday, faced stiff resistance before prevailing over his Thai opponent Tanongsak Saensomboonsuk 21-19 23-21 in a second round contest that last 39 minutes.
Srikanth, however, broke away from there and sealed the game at 21-19.
The second game was a closely fought affair and the only time the Indian had an edge was when he earned four points on a trot to open up a 18-13 lead, but the Thailand player once against caught up with Srikanth.
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On the other hand, Saina had an easy outing as she took just 31 minutes to outplay United States' Beiwen Zhang 21-16 21-13. The Indian now play sixth seed Tai Tzu Ying of Chinese Taipei in the quarterfinals.
World number four Saina put up a dominant show throughout the match. Breaking away from a 5-5 tie in the opening game, she never looked back.