Happy Holi to all Info ~ Holi is religious festival celebrated across India by mostly Hindu people.. It marks the triumph of good over evil.. It was first celebrated in the 4th Century CE.. Among all Indian festivals Holi is among the few that are celebrated with great joy and happiness and is loved by all children :D What we do on Holi ? Holi is celebrated by children especially as they are out of their houes with pichkaris (holy guns in hindi) spraying coloured water on their friends and bursting water baloons on others .... The elders generally play with dry colours and prepare sweets ... people also light bonfires as Koushalya (a part in Ramayan) was burnt today.