Hindu festival Diwali, also known as Deepavali, is not only the festival of lights, but also marks the beginning of the Hindu New Year.

The next day of Diwali, which this year is 12 November, is celebrated as Hindu new year.

It is believed that the five day festival actually brings good luck.

The first day of Diwali, which is popularly known as 'Dhanteras', is also referred to as the new year of business.

The Hindu New Year is also celebrated in a similar way as Diwali. Though every state has its own rituals, the lighting of many small earthenware oil lamps is common throughout the country.

The lamps are symbolic of the victory of good and knowledge over evil and ignorance.

The lighting of the lamps is also a way for people to show gratitude for the good things in their lives.

Meanwhile, several celebs have wished their followers and fans 'Happy New Year' on social media.