Quantitative
Lakh and crore
Indian number units: 1 lakh = 100,000 and 1 crore = 10 million.
Last reviewedWhat does Lakh and crore mean?
India and nearby countries often count in lakh and crore. 1 lakh = 100,000 and 1 crore = 10,000,000 (10 million), which is also 100 lakh. So 50 crore is 500 million, and 25 lakh is 2.5 million. Numbers may be grouped as 1,00,00,000 for one crore. In this platform, a billion always means 1,000 million.
Where does it come up in case interview prep?
- Cracking any estimation promptLesson in Guesstimates and market sizing
- Pace, pauses, and numbersLesson in English for case interviews
- Market study and industry analysisLesson
- Government and economic developmentLesson
- Telecom: players, trends, regulation, and how to crack the casesLesson in Telecom: mobile and fixed networks
Related terms
- Market sizingEstimating how big a market or quantity is.
- ExhibitA chart or table the interviewer hands you to reason from.
- Percent versus percentage pointsA change in a rate is measured in points; its relative change in percent.
- CAGR (compound annual growth rate)The steady yearly growth rate that links a start value to an end value.
- Rule of 72Years to double is about 72 divided by the growth rate.
- Weighted averageAn average where each part counts in proportion to its size.
- Run rateCurrent performance scaled up to a full year.
- Top-down sizingStart from a big total and narrow it down.