Million to Lakh Converter
Convert values from millions to lakhs between international and Indian systems
The international and Indian number systems use different terms and groupings for large numbers. Here's how they compare:
- 1 Million = 1,000,000 (10^6) in the international system
- 1 Lakh = 100,000 (10^5) in the Indian system
- 1 Million = 10 Lakh
Understanding these relationships is crucial for international business and cross-cultural communication.
The conversion process is straightforward:
- Take your number in millions
- Multiply it by 10
- The result is your number in lakhs
For example, 2 million = 20 lakh (2 × 10 = 20)
Converting between millions and lakhs is useful in various contexts:
- International business dealings with South Asian companies
- Cross-border investments
- Global financial reporting
- Real estate valuations
- Salary and compensation discussions
Here are some real-world examples:
- Company Revenue: Annual revenue of 5 million = 50 lakh
- Property Value: A property worth 2 million = 20 lakh
- Investment: An investment of 10 million = 100 lakh (1 crore)
Q: How many lakhs are in one million?
A: One million equals 10 lakhs.
Q: Why use different number systems?
A: Different cultures developed their own ways of counting and grouping large numbers. The Indian system evolved separately from the international system, and both remain in active use in their respective regions.
Q: Which system should I use in business?
A: Use the system that your audience is most familiar with. In international contexts, the million-based system is more widely understood, while the lakh system is standard in South Asia.