By Harmeet Kaur, CNN (CNN) — More than a billion Hindus, Sikhs, Jains and Buddhists around the world are celebrating Diwali, the festival of lights. Diwali, also called Deepavali, is one of the biggest festivals in India. It’s also widely celebrated in Nepal, Malaysia, Fiji and other countries with large South Asian diasporas. Homes, businesses and public spaces are lit up with diyas, or oil lamps made from clay, and fireworks displays abound. People gather with their families, eat sweets and exchange gifts. Despite its deep religious significance, Diwali today is also a cultural festival observed by people regardless of faith. Here’s what to know about the holiday. What is Diwali
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