Which Indian state celebrates Diwali as the start of their new financial year?

In Gujarat, Diwali is not only a festival of lights but also marks the start of the new financial year for business communities. The day after Diwali, known as Bestu Varas, is considered the Gujarati New Year. On this day, shopkeepers and business families close their old account books and open new ones in a ritual called “Chopda Pujan.” Lord Ganesha and Goddess Lakshmi are invoked for success and prosperity in the new year. Markets in Gujarat glow with lights and decorations, while people exchange greetings of “Saal Mubarak.” This unique connection makes Diwali deeply tied to commerce in Gujarat.