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The Festival of Lights celebrated in Hinduism is Diwali. This festival holds significant cultural and spiritual importance, symbolizing the victory of light over darkness and good over evil. During Diwali, homes and public spaces are illuminated with oil lamps, candles, and colorful lights, creating a vibrant atmosphere that reflects joy and positivity.

Diwali is associated with various mythological stories, including the return of Lord Rama to Ayodhya after defeating the demon king Ravana, as well as the celebration of Goddess Lakshmi, the deity of wealth and prosperity. The festival also involves prayers, family gatherings, feasting, and the exchange of gifts, contributing to its status as one of the most important Hindu festivals.

The other festivals listed have distinct meanings and traditions: Raksha Bandhan celebrates the bond between brothers and sisters, Holi marks the arrival of spring and the victory of good over evil with colors, and Navratri is a festival honoring the divine feminine through nine nights of worship. Each festival has its unique significance, but Diwali's specific emphasis on light and illumination clearly distinguishes it as the Festival of Lights in Hinduism.