Holi is a popular ancient Hindu festival, also known as the Indian “festival of spring”, the “festival of colours”, or the “festival of love”. The festival signifies the victory of good over evil.Holi is a popular ancient Hindu festival, also known as the Indian “festival of spring”, the “festival of colours”, or the “festival of love”. The festival signifies the victory of good over evil. Holi is a popular ancient Hindu festival, also known as the Indian “festival of spring”, the “festival of colours”, or the “festival of love”. The festival signifies the victory of good over evil. Holi is a popular ancient Hindu festival, also known as the Indian “festival of spring”, the “festival of colours”, or the “festival of love”. The festival signifies the victory of good over evil.