Deepavali marks the end of the harvest season in most of India. Farmers give thanks for the bounty of the year gone by, and pray for a good harvest for the year to come. Traditionally this marks the closing of accounts for businesses dependent on the agrarian cycle. Lakshmi symbolizes 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 the big three Vishnu, the incarnation he assumed to kill the demon king Bali. On this day, Vishnu came back to his abode the Vaikuntha; so those who worship Lakshmi receive the benefit of her benevolent mood, and are blessed with mental, physical and material well-being.

As per spiritual references, on this day “Lakshmi-panchayatan” enters the Universe. Vishnu, Indra, Kubera, Gajendra and Lakshmi are elements of this “panchayatan” (a group of five). The tasks of these elements are:
•    Lakshmi: Divine Energy (Shakti) which provides energy to all the above activities.
•    Vishnu: Happiness (happiness and satisfaction)
•    Kubera: Wealth (Generosity; one who gives away wealth)
•    Indra: Opulence (satisfaction due to wealth)
•    Gajendra: Carries the wealth