Lakh

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

It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Bangladeshi, Indian, Pakistani, and Sri Lankan English.

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"; "20 lakh rupees"; "lakhs of rupees". In the abbreviated form, usage such as "₹5L" or "₹5 lac" (for "5 lakh rupees") is common. In this system of numeration, 100 lakh is called one crore 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 100000 ozt of silver.

Etymology and regional variants
The modern word lakh derives from लक्ष, originally denoting "mark, target, stake in gambling", but also used as the numeral for "100,000" in Gupta-era Classical Sanskrit (Yājñavalkya Smṛti, Harivaṃśa).


 * In Assamese: লক্ষ lokhyo, or লাখ lakh
 * In Bengali: natively (tadbhava) known as লাখ lākh, though some use the ardha-tatsama লক্ষ lokkho.
 * In Hindi: लाख lākh
 * In Dhivehi: ލައްކަ la'kha
 * In Gujarati: લાખ lākh
 * In Kannada: ಲಕ್ಷ lakṣha
 * In Kashmiri: lachh
 * In Khasi: lak
 * In Malayalam: ലക്ഷം laksham
 * In Marathi: लाख/लक्ष lākh/laksha
 * In Meitei: ꯂꯥꯛ lāk
 * In Nepali: लाख lākh
 * In Odia: ଲକ୍ଷ låkhyå
 * In Punjabi: (Shahmukhi:, Gurmukhi: ਲੱਖ) lakkh
 * In Sinhala: ලක්ෂ
 * In Tamil: இலட்சம் latcham
 * In Telugu: లక్ష laksha
 * In Urdu: lākh