How many lakhs is one million?

[xplorer]

Hiya guys just came across this forum and saw that it's dedicated to India, and it just came to my mind to ask a question which came to my mind. Having visited India a couple of times I have always come across the amount of money in lakhs, but I am only familiar with thousands, or millions.

How many lakhs is one million?

 

[Karan]

People who do not live in India are not too familiar with lakhs therefore it can be confusing and totally understandable.

In India, lakhs are used in the numbering system, and 10 lakhs are equivalent to 1 million.