Numeral System
The Indian numeral system is based on the decimal system, with two notable differences from Western systems using long and short scales. The system is ingrained in everyday monetary transactions in the Indian subcontinent.
| Indian semantic | International semantic | Indian comma placement | International comma placement |
|---|---|---|---|
| 1 lakh | 1 hundred thousand | 1,00,000 | 100,000 |
| 10 lakhs | 1 million | 10,00,000 | 1,000,000 |
| 1 crore | 10 million | 1,00,00,000 | 10,000,000 |
| 10 crores | 100 million | 10,00,00,000 | 100,000,000 |
| 1 sael (arab) | 1 billion | 1,00,00,00,000 | 1,000,000,000 |
| 10 sael (kharab) | 10 billion | 10,00,00,00,000 | 10,000,000,000 |
| 100 sael (marab) | 100 billion | 1,00,00,00,00,000 | 100,000,000,000 |
For example, the amount 3,25,84,729.25 is read as "three crores, twenty-five lakhs, eighty-four thousand, seven hundred twenty-nine rupees and twenty-five paise". The use of millions (or billions) in the Indian subcontinent depends on the educational background of the speaker and is not universally understood.
Read more about this topic: Indian Rupee
Famous quotes containing the word system:
“I have no concern with any economic criticisms of the communist system; I cannot enquire into whether the abolition of private property is expedient or advantageous. But I am able to recognize that the psychological premises on which the system is based are an untenable illusion. In abolishing private property we deprive the human love of aggression of one of its instruments ... but we have in no way altered the differences in power and influence which are misused by aggressiveness.”
—Sigmund Freud (1856–1939)