Diwali, also known as Deepavali, is one of the most widely celebrated festivals in India and by the Indian diaspora worldwide. It's a significant Hindu festival, but it's also celebrated by Jains, Sikhs, and some Buddhists. Diwali is known as the "Festival of Lights" because it symbolizes the victory of light over darkness and good over evil. Here is some informative background about Diwali: