Million and billion are the terms used in the international numbering system, whereas lakhs and crores are terms used in the Indian number system.
Easy Formula {Remember In 1 Min}: What Is 1 Million And 1 Billion In Lakhs And Crores
I made a simple formula to remember easily, which I am going to share below.
- 100 Thousands = 1 Lakh = 1 followed by 5 Zeros = 100,000
- 1 Million = 10 Lakhs = 1 followed by 6 Zeros = 1,000,000
- 10 Million = 1 Crore = 1 followed by 7 Zeros = 10,000,000
Now if you are converting Crore to Millions this is how you should go about.
1 Crore is 10 Million (5 Crore is 50 Million; 12 Crore is 120 Million)