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The South Asian numbering system groups by two digits after the first three, so a lakh is 100,000 and a crore 10,000,000. Twenty-five lakh is 2.5 million, and 100 lakh makes one crore. Because western reporting uses millions and billions, financial statements crossing between the two systems need this conversion constantly.
South Asian units
1 lakh = 100,000; 1 crore = 100 lakh = 10,000,000
Western units
1 million = 10 lakh; 1 billion = 100 crore
One hundred crore, since a billion is 1,000,000,000 and a crore is 10,000,000.
It reflects the traditional Indian names for each power, which advance every hundredfold above a thousand rather than every thousandfold.