It is recognized all across the globe and has special significance in the vedic literature. The earliest known textual use of the word swastika is in Panini's ‘Ashtadhyayi’, where it is used to explain one of the Sanskrit grammar rules, in the context of a type of identifying mark on cow's ear. Even today it can be found connected to several faiths. The Dalai Lama’s throne is always decorated with four Swastikas.
Swastika symbol is sketched with red vermillion in various Hindu festivals as the symbol of auspiciousness. In various Hindu occasions presence of a Swastika is compulsory.
Ancient Scriptures of Vedic Era such as Matsya Purana, Shiv Purana and Vayu Purana mention Swastika, its essence and adornment. Swastika symbolizes two forms of the creator god Brahma. Facing right, it signifies the evolution of the universe; facing left it typifies its involution. The swastika is one of the 108 symbols of the Hindu deity Vishnu and is a representation of Sun upon which life depends. It is also seen as pointing in all four directions (north, east, south and west) and thus implies stability.
Therefore, Swastik is put as a symbol of long lasting happiness and good fortune.