Indian And Foreign Monetary Terms

Yesterday we were having lunch at Big Bazar near our office. One of our clients Raj Patel was with us. He just saw a number on one of the hoardings which read “1,60,000” which is “one lakh sixty thousand”. But since he is from U.S he was confused on why is there a comma between 1 and 6.

We just explained him that this is an Indian notation. In India a hundred thousand is one lakh, and 10 lakh is a million. In India we do not use millions but rather we use lakhs. Similarly in India we use crore which is equal to 10 millions.

This is really confusing for the people coming from out of India and people going out of India sometimes. Just got this idea to share this with you all, so that this helps.

Notation In

U.S Notation

Indian Notation

Words

100 Thousand

1 Lakh

Numbers

100,000

1,00,000

Words

1 Million

10 Lakhs

Numbers

1,000,000

10,00,000

Words

10 Million

1 Crore

Numbers

10,000,000

1,00,00,000