Understanding Lakh: A Unit of Measurement in the Indian Numbering System
A lakh is a unit of measurement in the Indian numbering system, which is widely used in India and some other countries. It is equal to 100,000, or 100 thousand.
For example, if someone says "I have a lakh rupees," it means they have 100,000 rupees (which is approximately equal to $1,500 USD).
The word "lakh" is derived from the Sanskrit word "laksha," which means "a hundred thousand." It is commonly used in Indian languages such as Hindi, Marathi, Gujarati, and others.
It's important to note that the use of lakh and other units of measurement can vary depending on the region and context. For example, some people may use "crore" (which is equal to 10 million) instead of lakh to express large numbers.
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