In absence of skipper Vijay Zol, who was banned for breaching ICC's Code of Conduct, the Sanju Samson led side piled up 291 for seven in the stipulated 50 overs at the ICC Cricket Academy ground in Dubai.
In reply, Sri Lanka were dismissed for 215 in 48.1 overs as Deepak Hooda starred with an all-round performance of unbeaten 76 off 57 balls with the bat and three for 31 in 10 overs with his off-breaks.
Hooda, whose poor penultimate over tilted the semi-final in England's favour, hit seven boundaries and four huge sixes.
He added 81 runs in only 8.5 overs with Kuldeep Yadav (19 not out) holding one end up.
Earlier, Akhil Herwadkar (23) and Ankush Bains (29) added 57 runs for the opening stand, while Iyer and Samson added 87 runs for the third wicket stand.
Sri Lanka were never in the game as only opener Sadeera Samarawickrama (58) and Priyamal Perera (47) made notable contributions as Hooda and left-arm orthodox Karan Kalia (2/39 in 10 overs) snared five wickets between them for only 70 runs in 20 overs. Left-arm chinaman Kuldeep Yadav was expensive, but in the end got a couple of wickets.
Sri Lanka U-19 215 in 48.1 overs (Sadeera Samarawickrama 58, Deepak Hooda 3/31). India U-19 won by 76 runs.
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