Chasing a target of 271, India were restricted to 267/9 by Sri Lanka at the Premadasa Stadium in Colombo, the Indian Express reported.
The tournament was hosted in Colombo, Sri Lanka and Karachi, Pakistan. India had reached the final after beating Pakistan in the semis while Sri Lanka saw off Bangladesh.
Pakistan and Sri Lanka hosted the group matches with six matches awarded to Colombo and Karachi.
India played all their group matches in Colombo. Conditions in Karachi came under the scanner when UAE players said that a rain-enforced exit wiped out their chances of progressing in the tournament.
Their group match against Hong Kong was interrupted by rain and the game could not continue for two hours after that because the players had to wait for the ground to dry. UAE coach Dougie Brown was quoted as saying by ESPN Cricinfo that the experience was “incredibly frustrating”.
Afghanistan was also participated but lost to India and Sri Lanka and won against Oman and not managed to progress in the Asia Cup.