Crore to Lakh Converter
Convert values from crores to lakhs in the Indian numbering system
The Indian numbering system uses unique terms for large numbers, including lakhs and crores. Here's a breakdown:
- 1 Lakh = 100,000 (10^5)
- 1 Crore = 10,000,000 (10^7)
- 1 Crore = 100 Lakh
This system is widely used in India, Bangladesh, Nepal, and other South Asian countries for financial and numerical calculations.
The conversion process is straightforward:
- Take your number in crores
- Multiply it by 100
- The result is your number in lakhs
For example, 2 crores = 200 lakhs (2 × 100 = 200)
Converting between crores and lakhs is useful in various contexts:
- Real estate valuations in South Asia
- Business and financial reporting
- Government budgets and spending
- Corporate financial statements
- Personal wealth management
Here are some real-world examples:
- Property Value: A house worth 2 crores = 200 lakhs
- Company Revenue: Annual revenue of 100 crores = 10,000 lakhs
- Project Budget: A project budget of 5 crores = 500 lakhs
Q: How many lakhs are in one crore?
A: One crore equals 100 lakhs.
Q: Why use the Indian number system?
A: The Indian number system is widely used in South Asian countries and is particularly useful for expressing large monetary values in a culturally familiar way.
Q: How does this relate to international numbering?
A: 1 crore = 10 million in the international system, and 1 lakh = 100,000. This converter helps bridge these different numbering systems.