👉 Lakhs is a unit of measurement that represents one billion. It is often used to represent large sums of money or to denote very high figures in financial calculations. For example, if you have 100,000,000 rupees (which are approximately $1 million), then lakhs would be equal to $1 million.
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What is the definition of Lakh? 🙋
👉 " lakh" refers to the number of rupees that make up one lakh in Indian currency. Therefore, it can be defined as "one thousand lakhs".
