Ray has done some impressive work, and will no doubt be a mathematician to keep your eye on, with the calibre of his insights. What he has done is rediscovered a particular aspect of classical dynamics: predicting the effect of various forces on the trajectory of a particle through a gas or a liquid. Considering that he wasn't aware of previous solutions on the problem, that's rather impressive for his age and background – though not the ground-breaking discovery that the media hype claimed.
If anything, this example speaks for how eager journalists are to post breaking news, to the point of not validating what they write about. And not just traditional media, but online media as well: I'd say it's time to red-card all of the online media outlets who reported on Shourrya's discovery without adding a grain of salt.
The details, for the mathematically inclined:
In case you missed the original hype:
/cc, since you asked. ;)