what is samvat 2080

Samvat 2080 is the start of the new Hindu year, which began on November 12, 2023, and is celebrated during the festival of Diwali. It is a calendar system followed by Hindus and Sikhs in the Indian subcontinent, with samvat meaning year. Samvat 2080 holds extraordinary importance in the Indian stock market, and it is believed that conducting trades during this particular time, known as a "Muhurat," can bring wealth and achievement. The Vikram Samvat calendar, also known as Panchang 2080, is based on an Indian calendar cycle and begins half a century before the Gregorian calendar. Many cultures in the Indian subcontinent utilize the Vikram Samvat calendar, including the Buddhist, Sikh, and Hindu populations.