In Sri Lanka, the story of Ravana is told with a different perspective. Ravana is considered as a revered figure and a great king who was well-versed in medicine, astrology, and various arts. He is seen as a symbol of power and knowledge. The story of Ravana is deeply embedded in Sri Lankan folklore and mythology. The places associated with Ravana in the epic Ramayana, like Ravana Ella Falls, Ravana Cave, and Seetha Amman Temple, are popular tourist destinations in Sri Lanka.

Sri Lanka, being a multi-ethnic and multi-religious country, does celebrate Hindu festivals like Dussehra and Diwali, but not on a national scale. These festivals are mainly celebrated by the Tamil Hindu community in Sri Lanka. Dussehra, known as Vijayadashami in Sri Lanka, is celebrated to mark the victory of good over evil. Diwali, known as Deepavali in Sri Lanka, is celebrated with much fervor, with people lighting oil lamps and bursting firecrackers.

The story of Ravana is indeed taught in Sri Lanka, but not as part of the formal education curriculum. It is passed down through generations as part of the country's rich folklore and mythology. The story is often told through traditional dance dramas, puppetry, and storytelling sessions. However, the story is not taught in schools as part of the history or literature curriculum.