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Diwali marks the end of the harvest season in most of India. Farmers are thankful for the plentiful bounty of the year gone by, and pray for a good harvest for the year to come.
Traditionally this marked the closing of accounts for businesses dependent on the agrarian cycle, and the last major celebration before winter. The deity of Lakshmi symbolises wealth and prosperity, and her blessings are invoked for a good year ahead. There are two legends that associate the worship of Lakshmi on this day.
According to the first legend, on this day, Lakshmi emerged from Kshira Sagar, the Ocean of Milk, during the great churning of the oceans, Samudra manthan.
The second legend (more popular in western India) relates to the Vamana avatar of Vishnu, the incarnation he took to kill the demon king Bali. Thereafter it was on this day, that Vishnu came back to his abode, the Vaikuntha; so those who worship Lakshmi on this day, get the benefit of her benevolent mood, and are blessed with mental, physical and material well-being.
(Text: Wikipedia)
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