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Lakh

Lakh, sometimes spelled lac, is a unit in the Indian numbering system equal to 100,000 (one hundred thousand). It is widely used in South Asia to express large quantities, particularly of money and population. The term traces to the Hindi lakh and the Sanskrit laksha, both meaning roughly “one hundred thousand.”

In practical use, numbers are often described in lakhs and crores. For example, 1 lakh rupees equals

Spelling variants include lakh and lac, with "lakh" being common in Indian English. The term is mainly

100,000
rupees,
10
lakh
equals
1,000,000
(one
million),
and
100
lakh
equals
10,000,000
(ten
million),
which
is
also
called
one
crore
in
the
Indian
system.
This
grouping—thousands,
lakhs,
and
crores—is
standard
in
India,
Pakistan,
Bangladesh,
Nepal,
and
parts
of
Sri
Lanka,
though
the
exact
terms
and
pronunciations
can
vary
by
language.
used
in
the
region
and
in
contexts
involving
large
financial
figures
or
demographic
counts.
In
international
contexts,
numbers
are
typically
presented
in
thousands,
millions,
or
billions
rather
than
lakhs
and
crores.