Answer: One Billion is equal to ten thousand lakhs
In the Indian numbering system, the term lakh and crore are expressed as
1 lakh = 1,00,000
1 crore = 1,00,00,000
The one crore implies ten million. In reference to the Indian numbering scheme, it equals 100 lakhs (1.00.00.000).
The key difference between the International number system and the Indian number system is the position of comas. Millions are written after thousands in the international numbering method when in the Indian system, lakhs are written after thousands. In countries including Bangladesh, Bhutan, India, Nepal, Pakistan, Sri Lanka and Myanmar the Indian numbering system is commonly used. The word crores are mostly used to denote large sums of money in India, Bangladesh, Nepal and Pakistan.
Indian number system – Thousands, lakhs, crores.
International number system – Billion, million, trillion
We know that
1 Billion = 1,000 Million
1 Trillion = 1,000 Billion
We also know that
10 Lakhs = 1 Million
100 Lakhs = 10 Million
1000 Lakhs = 100 Million
10000 Lakhs = 1 Billion(1000 Million)
10000000 Lakhs = 1000 Billion
1,00,000 Crores = 1 Trillion(1000 Billion)