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For example: 150,000 rupees is "1.5 lakh rupees" which can be written as "1,50,000 rupees", and 30,000,000 (thirty million) rupees is referred to as "3 crore rupees" which is can be written as "3,00,00,000 rupees". There are names for numbers larger than crore, but they are less commonly used.
Crore (/ k r ɔːr /; abbreviated cr) denotes the quantity ten million (10 7) and is equal to 100 lakh in the Indian numbering system.In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the Indian numbering system, the quantity is usually formatted 1,00,00,000.
In the abbreviated form, usage such as "₹ 5L" or "₹ 5 lac" (for "5 lakh rupees") is common. [4] In this system of numeration, 100 lakh is called one crore [3] and is equal to 10 million. Formal written publications in English in India tend to use lakh/crore for Indian currency and Western numbering for foreign currencies, such as dollars ...
In European languages, large numbers are read in groups of thousands, and the delimiter—which occurs every three digits when it is used—may be called a "thousands separator". In East Asian cultures, particularly China, Japan, and Korea, large numbers are read in groups of myriads (10 000s) but the delimiter commonly separates every three ...
The naming procedure for large numbers is based on taking the number n occurring in 10 3n+3 (short scale) or 10 6n (long scale) and concatenating Latin roots for its units, tens, and hundreds place, together with the suffix -illion. In this way, numbers up to 10 3·999+3 = 10 3000 (short scale) or 10 6·999 = 10 5994 (long scale
Lakh and crore are common enough to have entered Indian English. For number 0, Modern Standard Hindi is more inclined towards śūnya (a Sanskrit tatsama) and Standard Urdu is more inclined towards sifr (borrowed from Arabic), while the native tadbhava-form is sunnā in Hindustani.
Now coming to a small issue, the total planned expenditure of Govt of India for Defense services for year 2013 was 2.03 lakh crore (see 2013 Union budget of India) but template conversion do not support such nomenclature, it supports 'Trillion' but not 'Lakh Crore' though both are same (1 trillion equals 1 lakh crore) but later is the term used ...
In some places, the large number names were then applied to the smaller numbers, following the new punctuation scheme. Thus, in France and Italy, some scientists then began using billion to mean 10 9 , trillion to mean 10 12 , etc. [ 28 ] This usage formed the origins of the later short scale.