What is difference between Lakh and Million 1 Million in Rupees, Lakhs, & Crores Clear All Doubts

What is the difference between Lakh and Million? It’s a common question asked by Indians, so here’s a simple answer. Lakh and Million are two popular ways of measuring the size of population in India. As per Central Bureau of Statistics (CBS), 1 Lakh = 100,000 and 1 Million = 10 million. The difference between lakh and million is that Lakh means a group of one lakh whereas Million refers to a group of 10 million people.

We have given essential details about a million, one crore, one lakh and thousand in this piece of writing by using numbers for ease of understanding the data point being discussed here

Lakh & Million Difference

What is the difference between Lakh and Million? They are two ways of measuring India’s population size. Millions is a unit used to measure, 1 million = 10 lakhs (10 x 100 thousand). A Lakh means 100 thousand or one hundred thousands, One lak has a value similar to that of an American dollar in the United States currency system!

The case is different when it comes to International units. There are differences in the way we deal with numbers and our currency system is not the same here as there.
According to the international numbering system, ‘Million’ is the term used for ‘lakh’ that we use in the Indian numbering system. In mathematics, 1 million means one thousand thousand (1000000), this means 1 Million is equivalent to 10 Lakhs.

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When it comes to Indian numeration, it is done in the following way: CC, LL, TT, HHH. Where,

1. The letter C stands for crores.
2. L stands for lakhs.
3. T stands for tens of thousands.
4. The Hundreds are represented by the letter H.

What is Lakh

Lakh is a unit of measurement equal to one hundred thousand. It is used in several countries like India, Pakistan, Sri Lanka, Nepal and Bangladesh. In English, it is known as “thousand.”

The word “lakh” originated from the Hindi language and derived from the Sanskrit word “lakshana,” which means “one hundred thousand.” This term was commonly used for referring to 10,000 soldiers or 10,000 people.

History of Lakh

Lakh is a Hindi word that means “ten thousand”. It is also the name of an Indian currency. The Lakh was first introduced in 1948 as a replacement for the Rupee. The Lakh was divided into 100 paise.

The Lakh replaced the Rupee because it was more durable and easier to handle. The coins were made of brass and copper and had a value of 10 rupees each.

In 1957, the Lakh was decimalized and it became 10 paise to a rupee. In 1960, new coins were introduced with denominations of 2, 5, 10, 20, 50 and 100 Lakhs. These coins were minted until 1964.

What is Million

Million is used to represent a large number in the International number system. We represent millions using conversions to represent in Indian numeral system.

History of Million

Million first appeared in English in the early 15th century and is derived from the Latin word mille, meaning thousand. The term million first appeared in French in the late 14th century and was borrowed from Italian. It is composed of the words mille (thousand) and lira (coin). Million first appeared in Spanish in the early 16th century and is composed of the words millón (million) and moneda (currency).

1 Million in Terms of Lakhs

As per the Indian currency system:

As per the international currency system: