Lakh
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Lakh

A lakh (; abbreviated L; sometimes written lac[1]) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105).[1][2] In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000.[3] For example, in India 150,000 rupees becomes 1.5 lakh rupees, written as INR1,50,000 or INR 1,50,000.

It is widely used both in official and other contexts in Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Indian, Bangladeshi, Pakistani, and Sri Lankan English. In Pakistan, the word lakh is used mostly in local languages rather than in English media.[]

Usage

In Indian English, the word is used both as an attributive and non-attributive noun with either an unmarked or marked ("-s") plural, respectively. For example: "1 lakh people"; "lakhs of people"; "200 lakh rupees"; "lakhs of rupees". In the abbreviated form, usage such as "INR5L" or "INR5 lac" (for "5 lakh rupees") is common.[] In this system of numeration, 100 lakh is called one crore[3] and is equal to 10 million.

Silver market

The term is also used in the pricing of silver on the international precious metals market, where one lakh equals 100,000 troy ounces (3,100 kilograms) of silver.[4][5]

Etymology and regional variants

The modern word lakh represents Sanskrit: lak?a (Devanagari: ?), originally denoting "mark, target, stake in gambling", but also used as the numeral for "100,000" in Gupta-era Classical Sanskrit (Y?jñavalkya Sm?ti, Harivaa).[6]

See also

References

  1. ^ a b Rowlett, Russ (15 December 2008) [1998]. "lakh". How Many? A Dictionary of Units of Measurement. University of North Carolina at Chapel Hill. Archived from the original on 2 July 2016. Retrieved 2016.
  2. ^ "lakh". Oxford English Dictionary (1st ed.). Oxford University Press. 1933.
  3. ^ a b Chisholm, Hugh, ed. (1911). "Lakh" . Encyclopædia Britannica. 16 (11th ed.). Cambridge University Press. p. 94.
  4. ^ Gilkes, Paul (3 July 2017). "CME Group/Thomson Reuters step down from executing the London silver fix". Retrieved 2017.
  5. ^ "Units of Measure". perthmint.com.au. Retrieved 2015.
  6. ^ Turner, Sir Ralph Lilley (1985). "lak?á10881". "lak?há 10881" in: A Comparative Dictionary of the Indo-Aryan Languages. London: Oxford University Press, 1962-1966. Includes three supplements, published 1969-1985. Digital South Asia Library, a project of the Center for Research Libraries and the University of Chicago. p. 629. Archived from the original on 15 December 2012. Retrieved 2010. lak?h masculine "stake, prize" R?igved, "mark, sign" Mah?bh?rat, "100,000" Y?jñavalkya, "aim" K?lid?s]

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Lakh
 



 



 
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