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Indian Rupee Nomenclature Explained:
lakh, lacs, crore and more
copyright © 2004 eBearing Inc.
lakh| lacs | crore | decimal | |
| 1 | lakh | | | | | 100,000 | 100,000 |
| 10 | lakh | 1 | lacs | | | 1,000,000 | 1 million |
| 100 | lakh | 10 | lacs | 1 | crore | 10,000,000 | 10 million |
| 1,000 | lakh | 100 | lacs | 10 | crore | 100,000,000 | 100 million |
| 10,000 | lakh | 1,000 | lacs | 100 | crore | 1,000,000,000 | 1 billion |
| 100,000 | lakh | 10,000 | lacs | 1,000 | crore | 10,000,000,000 | 10 billion |
| 1,000,000 | lakh | 100,000 | lacs | 10,000 | crore | 100,000,000,000 | 100 billion |
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.
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