Crore definitions
| Word backwards | erorc |
|---|---|
| Part of speech | The word "crore" is a noun. |
| Syllabic division | cro-re |
| Plural | The plural of the word crore is crores. |
| Total letters | 5 |
| Vogais (2) | o,e |
| Consonants (2) | c,r |
Crore is a term used in the South Asian region to represent a unit of measurement equivalent to ten million. The term is derived from the Sanskrit word "koti," which also means ten million. In the Indian numbering system, one crore is equal to 10,000,000, or 1 followed by seven zeros. It is commonly used to express large sums of money in countries such as India, Pakistan, Bangladesh, and Nepal.
Origin and Usage of Crore
Crore has its roots in ancient Indian numbering systems, with the term "koti" being used to represent ten million. Over time, the term spread throughout the South Asian region and is now widely used in countries that have adopted the Indian numbering system. The term is commonly used in financial contexts, such as budget allocations, company revenues, and government expenditure.
Significance of Crore in South Asia
In South Asia, crore holds significant importance due to the large population of the region and the scale of economic activities taking place. Expressing amounts in crores allows for easier understanding of the magnitude of numbers, especially when dealing with figures in millions or billions. It simplifies communication and helps in avoiding confusion when discussing financial matters.
Conversion and Comparison
When converting amounts from crores to other numbering systems, it is essential to remember that one crore is equal to ten million. For example, 1 crore INR is equivalent to 10,000,000 Indian Rupees. Comparing amounts in crores to figures in other systems, such as millions or billions, provides a standardized way to understand and evaluate large sums of money.
Overall, the term crore plays a crucial role in the financial landscape of South Asia, providing a common unit of measurement for large numbers and facilitating clear and concise communication in various sectors. Its widespread usage across countries in the region highlights its significance and relevance in the context of economic activities and financial transactions.
Crore Examples
- The company reported a profit of 10 crores in the last quarter.
- The population of the city is estimated to be over 2 crores.
- She donated 1 crore rupees to the charity organization.
- The politician promised to create 5 crores new jobs if elected.
- The movie earned over 100 crores at the box office.
- The government allocated 50 crores for infrastructure development.
- The celebrity purchased a luxury car worth 3 crores.
- The real estate developer invested 20 crores in a new project.
- The cricket team won a prize money of 5 crores in the tournament.
- The bank approved a loan of 15 crores for the business expansion.