Diwali is primarily celebrated by Hindus, but it is also observed by Jains, Sikhs, and some Buddhists. The festival holds religious significance for Hindus as it commemorates the return of Lord Rama, a revered deity, to his kingdom after defeating the demon king Ravana. It symbolizes the victory of good over evil and light over darkness. Additionally, Diwali marks the start of the Hindu New Year, making it a time for renewal, reflection, and gratitude. For many, it’s also an occasion to strengthen family bonds, share joy, and spread love through acts of kindness and gift-giving.