Lakh meaning

Lakh definitions

Introduction to Lakh

Lakh is a term used in the Indian numbering system to represent the number one hundred thousand. It is commonly used in daily conversations and in official documentation in India and other South Asian countries. Understanding the concept of lakh is essential for grasping numerical values in the Indian subcontinent.

Origin and Usage of Lakh

The term "lakh" originates from the Sanskrit word "laksha," which means "a sign" or "a mark." In ancient India, a "lakh" was used to represent the idea of counting in multiples of one hundred thousand. Over time, this numerical standard became ingrained in Indian culture and is still used today in various contexts.

Significance of Lakh

Lakh is a crucial numerical denomination in South Asian countries, particularly in finance, population statistics, and large-scale measurements. For example, when discussing population figures, one might say that a city has a population of one lakh, which indicates one hundred thousand residents.

Conversion and Equivalents

In the Indian numbering system, one crore is equal to ten million, which is equivalent to 100 lakhs. Therefore, when working with large numbers in the South Asian region, it is common to convert values into lakhs and crores for easier understanding and communication.

Examples of Lakh in Use

In everyday scenarios, terms like "five lakhs" or "twenty-five lakhs" are often used to denote quantities, prices, or figures in various contexts. Whether discussing financial transactions, budget allocations, or demographic data, the term "lakh" is a fundamental unit of measurement in the region.

Conclusion

Overall, understanding the concept of lakh is crucial for anyone working with numerical values in the South Asian context. From finance to demographics, the term plays a significant role in expressing quantities and figures accurately and efficiently.

Lakh Examples

1. The company reported a profit of one lakh rupees in the last quarter.
2. She inherited a lakh of dollars from her wealthy aunt.
3. The charity raised over a lakh in donations for the orphanage.
4. The population of the city is estimated to be over a lakh.
5. He saved up a lakh to buy his dream car.
6. The cost of renovating the house was expected to reach a lakh.
7. She won a prize of one lakh in the lottery.
8. The government allocated a lakh of funds for the new infrastructure project.
9. The property was sold for a lakh more than the listing price.
10. He decided to invest a lakh in the stock market.

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