advertisement
click to visit Consolidated Bearings
 
  advanced

 
click to visit QA1

Rupee nomenclature explained
lakh, lacs and crore
Conversions Table and Calculator


lakh
lacscroredecimal
1lakh    100,000100,000
10lakh1lacs  1,000,0001 million
100lakh10 lacs1crore10,000,00010 million
1,000lakh100 lacs10crore100,000,000100 million
10,000lakh1,000lacs100crore1,000,000,0001 billion
100,000lakh10,000lacs1,000crore10,000,000,00010 billion
1,000,000lakh100,000lacs10,000crore100,000,000,000100 billion



Rupee Conversion
Rs 

billion
million
decimal

crore
lacs
lakh

-->

 billion
 million
 decimal

 crore
 lacs
 lakh


Traditionally, Indian financial nomenclature does not use thousands, millions and billions. Instead, it refers to Rupees in groupings of 10 -- lakh and crore. But international financial standards, easy mathematical manipulation, and exchange rate conversions all call for referring to groups of 100.

While internationally-minded Indian companies are increasingly using lacs, as it most directly translates to base-100 (Rs 17,000 lacs, for example, is Rs 17 billion), most Indian news organizations and financial press still cling to lakh and crore.

Adding to the confusion, many financial references intermingle references to crore, lakh, lacs and single Rupees.

Beginning in 2004, eBearing offers all India-based financial results in the more widely used thousands, millions and billions.


click to visit GMN Bearing USA Ltd.

eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2011, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.