27-year-old Lahiri, who had a 76 in his first round, finished at four-over 148 and missed the cut by four at the TPC Sawgrass.
World No. 36, Lahiri had a superb start with birdies on second and third today, but a double bogey on the fifth took away the momentum and despite finishing at 72, he exited early from the tournament.
At two-under after three holes, Lahiri was showing signs of a good round that would give him a chance of getting into weekend action.
"I feel like my short game has let me down the last two weeks and I will work on improving that department of my game," said Lahiri.
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Lahiri also had a bogey on eighth, birdie on ninth and again a birdie on 11th followed by a bogey on 15th to finish with 72.
He added, "Just a couple of holes this week have put me out of the weekend though it's been a fantastic learning experience," Lahiri, who will now move to Europe for further action, said.
Meanwhile, Kevin Na and Jerry Kelly went into shared lead for the weekend. Kelly and Na were at 8-under 136, two shots clear of Rickie Fowler (69), Chris Kirk (68), David Hearn (71) and Branden Grace (67).