One lakh is equal to 100 thousand. In the Indian numbering system, "lakh" represents 100,000. Therefore, if you divide 1 lakh by 1,000, you get 100.
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One billion is a million thousands which is 10 lakh thousands.
1 lakh of them.
100
1 crore = 10,000,000 10 crores = 100,000,000 10 crores/1,000 = 100,000 = 1 lakh
1 lakh is equivalent to 1000 hundreds.