Having batted first, Sri Lanka managed to lay a strong foundation before some late order hitting courtesy of Ejaaz Alavi (26 off 18) and Thaveesh Attanayake (33* off 25) lifted the score to 144.
In reply, it was a disciplined performance with the ball, as Alavi picked up three wickets alongside Andy Solomons who also took three.
Alavi was named player of the match for his efforts with bat and ball.
Akshay Kodoth was a shining light in defeat for India, notching up an impressive 62 off 46 deliveries.
India had progressed through to the final by beating Pakistan in the semi-final earlier that day.
Afghanistan had qualified but withdrew from the semis, leaving Sri Lanka to head straight to the final.
Bangladesh and Nepal also featured throughout the tournament but didn’t progress to the semi-final stage.
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