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Praneeth prevailed 17-21 21-17 21-12 in a 54-minute contest, which was the first all-Indian Super Series final in the history of the game.
The two players dished out an engaging opening game before Praneeth staged a remarkable comeback to dominate the proceedings and emerge a comfortable victor.
Before today, only three nations — China, Indonesia and Denmark — had two of their shuttlers playing in finals of a Super Series event.