Lakh & Million Difference: Questions on the difference between Lakh Million and Lakh are frequently posed to Indians, so here is an easy response: Lakh and Million are two widely used metrics of measuring India’s population; according to CBS one lakh is equal to 100,000 while 1 Million refers to 10 Million; however the difference between them lies in Lakh referring only to an individual group while Million refers to an entire nation of 10 Million people.
In this article, we have provided essential information about one million, one crore, one lakh and one thousand through using numbers to aid comprehension of what’s being discussed.
Lakh & Million Difference
How Can You Distinguish Between Lakh and Million? India uses two measures for measuring its population size. Millions is used to indicate one million; this equates to 10 lakhs (10 100 000). Lakh refers to 100000 or one hundred thousand items; thus one lak can be thought of as equivalent to an American Dollar in currency terms!
International units present unique challenges. Different countries tend to use various ways of handling numbers and currencies systems; so our approach may differ significantly from theirs.
According to international standardization of numbering systems, “Million” stands in for our Indian numeral system’s “Lakh.” Mathematically speaking, one million is equal to 10 Lakhs – so one Million equals 10 Lakhs.
Indian numeration follows this formula: CC, LL HHH TT
- The letter C stands for crores.
- L stands for lakhs.
- T stands for tens of thousands.
- The Hundreds are represented by the letter H.
What is Lakh
Lakh is the term used to refer to one hundred thousand units and is popularly used across India, Pakistan, Sri Lanka, Nepal and Bangladesh. In English it is typically referred to as “thousand.”
The term “lakh” originated in Hindi language and derives from “lakshana”, a Sanskrit term which translates to one hundred thousand. This was commonly used to refer to 10000 soldiers or 10,000 individuals.
History of Lakh
Lakh is an Indian currency which translates to “ten thousand”. Introduced as part of India’s currency system in 1948 to replace Rupee, each Lakh can be broken down into 100 pip units.
Due to its superior durability and ease of use, the Lakh coin replaced the Rupee as the currency of choice in India. Crafted from copper and brass alloy, each Lakh was worth 10 rupees.
In 1957, the Lakh was devalued and changed from 10 paise to one rupee. New currency was introduced in 1960 with denominations of 2,5 Lakh, 10 Lakh, 20 Lakhs or 50 Lakhs with coins being produced through 1964.
What is Million
The term “million” is an internationally accepted way of representing large numbers. Millions of people represent by conversions that use Indian numeral systems.
History of Million
Million first made its mark in English around the beginning of the 15th century and was derived from Latin mille (thousand). Million first saw use in French at the end of 14th century from Italian translation of mille (thousand) and lira (coin). Spanish also adopted this form around 16th century with millon (million) and moneda (currency).
1 Million in Terms of Lakhs
As per the Indian currency system:
- 1 – Ones
- 10 – Tens
- 100 – Hundred
- 1000 – Thousand
- 10,000 – Ten thousand
- 1,00,000 – One Lakh
- 10,00,000 – Ten Lakh
- 1,00,00,000 – One Crore
- 10,00,00,000 – Ten Crore
As per the international currency system:
- 1 – Ones
- 10 – Tens
- 100 – Hundred
- 1000 – Thousand
- 10,000 – Ten thousand
- 100,000 – Hundred thousand
- 1,000,000 – Million
- 10,000,000 – Ten Million
- 100,000,000 – Hundred million
- 1,000,000,000 – Billion
- 10,000,000,000 – Ten Billion
How to Covert Million in Lakhs
Here’s an easy formula that can help you remember the difference between million and lakh. Take a look:
- 1 Lakh = 100 Thousands = 1 followed by 5 Zeros = 100,000
- 10 Lakhs = 1 Million = 1 followed by 6 Zeros = 1,000,000
- Similarly here, 1 Crore = 10 Million = 1 followed by 7 Zeros = 10,000,000
Simply stated, one million is equal to 1000 multiplied together.
Let’s consider an amount equivalent to one million lakhs:
| Million | In Lakhs |
| 1 Million | 10 Lakhs |
| 2 Million | 20 Lakhs |
| 3 Million | 30 Lakhs |
| 4 Million | 40 Lakhs |
| 5 Million | 50 Lakhs |
| 6 Million | 60 Lakhs |
| 7 Million | 70 Lakhs |
| 8 Million | 80 Lakhs |
| 9 Million | 90 Lakhs |
| 10 Million | 100 Lakhs |
| 50 Million | 500 Lakhs |
| 100 Million | 1000 Lakhs |
1 Million in Rupees and Words
1 million in rupees India and words are given below:
| Million | In Rupees India/Numbers | In Words |
| 1 Million is equal to | 10 Lakhs (10,000,00) | Ten Lakhs |
| 2 Million is equal to | 20 Lakhs (20,000,00) | Twenty Lakhs |
| 3 Million is equal to | 30 Lakhs (30,000,00) | Thirty Lakhs |
| 4 Million is equal to | 40 Lakhs (40,000,00) | Forty Lakhs |
| 5 Million is equal to | 50 Lakhs (50,000,00) | Fifty Lakhs |
| 6 Million is equal to | 60 Lakhs (60,000,00) | Sixty Lakhs |
| 7 Million is equal to | 70 Lakhs (70,000,00) | Seventy Lakhs |
| 8 Million is equal to | 80 Lakhs (80,000,00) | Eight Lakhs |
| 9 Million is equal to | 90 Lakhs (90,000,00) | Ninty Lakhs |
| 10 Million is equal to | 100 Lakhs (100,000,000) | 1 Crore |
| 50 Million is equal to | 500 Lakhs (500,000,000) | 5 Crores |
| 100 Million is equal to | 1000 Lakhs (1000,000,000) | 10 Crores |
1 Million in Rupees
1 million in rupees are given in the table :
- 1 Million = 10 Lakhs (10,000,00)
- 2 Million = 20 Lakhs (20,000,00)
- 3 Million = 30 Lakhs (30,000,00)
- 4 Million = 40 Lakhs (40,000,00)
- 5 Million = 50 Lakhs (50,000,00)
- 6 Million = 60 Lakhs (60,000,00)
- 7 Million = 70 Lakhs (70,000,00)
- 8 Million = 80 Lakhs (80,000,00)
- 9 Million = 90 Lakhs (90,000,00)
- 10 Million = 1 Crore (100,000,000)
- 50 Million = 5 Crores (500,000,000)
- 100 Million =10 Crores (1000,000,000)
1 Million in Crores
1 million in crores can be written as below details:
- 1 Million = 0.1 Crore
- 10 Million = 1 Crore
- 50 Million = 5 Crores
- 100 Million = 10 Crores
- 200 Million = 20 Crores
- 500 Million = 50 Crores
- 1000 Million = 100 Crores
1 Million Dollars in Rupees India
India uses Rupees for currency payment, while USD is more popularly recognized. Also referred to as Dollar or US Dollar and can often be seen being listed on $100 bills as such. One Indian Rupee equals 100 pence or one US Dollar.
India uses both terms “lakhs and crores.” We refer to them collectively as lakhs and crores.
India experiences daily fluctuations in its exchange rates between dollars and rupees; therefore, to calculate one million US$ in Indian rupees the following formula should be used:
1 Million X Indian Dollar Rate = 1 Million Dollar in Rupees
Let’s consider an example where one USD in India equals 75 rupees:
1000000 (1 Million) X 75 (Dollar Rate) = 75000000 (1 Million Dollar in Rupees).
- One million dollars would translate to roughly 1,000,000 rupees (1/$).
- When exchanging currency in India it must be done through either a bank or licensed money changer.
- It can take anywhere between 2-5 days for an exchange to take place, depending on currency liquidity and whereabouts the money changer is based. money exchanger.
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