HOW MUCH IS 1 BILLION AND 1 MILLION DOLLARS IN RUPEES (LAKHS & CRORES)

How much is 1 Billion and 1 Million Dollar in Rupees? Well, quite a lot. If you are looking for a straight answer you simply take the exchange rate and multiply to Million or Billion (Assuming the exchange rate is Rs 70 = 1 US$):

• US$ 1 Million = US$ to Rupee Exchange rate X 1 Million = 70 X 1 Million = Rs 70 Million
• US$ 1 Billion = US$ to Rupee Exchange rate X 1 Billion = 70 X 1 Billion = Rs 70 Billion

Well, it is that simple. However, it gets complicated when we want the conversion is Lakhs / Crores of Indian Rupees. Before I answer that in detail let me answer that for people in a hurry:

• US$ 1 Million = US$ to Rupee Exchange rate X 1 Million = 70 X 1 Million = 70 X 10 Lakhs = Rs 700 Lakhs = Rs 7 Crore
• US$ 1 Billion = US$ to Rupee Exchange rate X 1 Billion = 70 X 1 Billion = Rs 70 X 10000 lakhs = Rs 700000 Lakhs = Rs 7000 Crore

However, if you want to understand the logic and want to calculate without a calculator read on:

Why you need to know the Conversion Tricks

I was once travelling with my program manager (A swiss gentleman travelling to India for the first time) on the MG Road of Gurgaon in 2005. He was curious to see the amount of construction happening all around the city. he asked me if anyone is buying the property. I was quick to answer that the takers buy even before the property is launched (it was the period of the construction boom in Gurgaon).

When he inquired what is the price of an apartment, I said anything between 40 Lakhs to 80 Lakhs. Obviously he was not conversant with Lakhs and Crores so I was forced to tell him numbers in Million that too in US$, I struggled for some time and it made me look like a fool.

I am sure you must have gotten in a situation like this, that is why you are here.

Million to Crore | Billion to Crore : The Complication

The entire world follows the short scale number system in the financial world. Every investor, professional, teacher and even common man will use values in thousands, millions, billions etc. It is further complicated when you consider that the most accepted global currency in the world in US$ or Euro or GBP.

So if you live in India and even interact with a foreigner you will get stuck when you use Indian terminology of lakhs/Crore. During my global career, I have seen top-notch professionals getting stumped on this conversion. I myself struggled initially, however, I quickly made my formulas so that I can easily convert the numbers.

This particularly happens when you work for an American or European MNC as they always talk in Millions or Billions of dollars.

I acknowledge that it has also bothered me in the beginning.

So, I quickly made my formula, which I am going to share below. However, before I do that please see the table below that showcases the number of zeros in million and billion.

Number of Zeros in Million and Billion

Here is what I want to point out to you:

• In Thousand, there are 3 zeros
• In Million, there are 6 Zeros.
• and In Billion, there are 9 Zeros

However, when you look into Hindi numbering system it follows a very different nomenclature. The numbers are read like below:

Number of Zeros in Lakhs and Crores

Source: Indian Numbering System

Therefore, only for a few number names have a direct equivalent in the international system:

• Sau = Hundred = 100
• Hazaar = Thousand = 1,000
• Arab = Billion = 1,000,000,000
• Padam = Quadrillion = 1,000,000,000,000,000

Well needless to say that all the confusion arises as the mostly used Hindi numbers Lakhs and Crores does not have a direct equivalent. So let us see the most used conversions:

Million to Lakhs | Billion to Lakhs

• 1 lakh = One Hundred Thousand = 100,000 = 1 followed by 5 zeros
• 1 Million = 10 Lakhs = 1 followed by 6 Zeros = 1,000,000 = 1 followed by 6 zeros
• 1 Crore = 10 Million = 100 Lakhs = 10,000,000 = 1 followed by 7 zeros
• 1 Billion = 100 Crore = 1,000,000,000 = 1 Followed by 9 Zeros

Great, so I hope that you have noticed:

• 1 Million has two blocks of Three Zeros : 1(000)(000)
• 1 Billion has three blocks of Three Zeros : 1(000)(000)(000)
• 1 Trillion has 4 blocks of Three Zeros: 1(000)(000)(000)(000)

I also hope that you noticed that:

• 1 Lakh has five Zeros : 100,0000
• 1 Crore has 7 Zeros: 10,000,000
• 1 Arab has 9 Zeros: 1,000,000,000

Further, if you want to find how many rupees compared to US$

HERE IS MY TRICK

1 Billion Dollars in Rupees in Words

If you want to know how much would be 1 billion dollars in rupees in words, Here is how you can calculate it:

First, find out the Rupee to US$ exchange rate.
Second Divide the value of US$ in Indian rupees by 10.
For example, if 1US$ = Rs 70, then after diving it by 10 it becomes 7.
For example, if 1US$ = Rs 65, then after diving it by 10 it becomes 6.5.
For example, if 1US$ = Rs 69, then after diving it by 10 it becomes 6.9.
Now multiply 1000 to the number above and add Crore to it:
For example, when you multiply 1000 with 7, it becomes Rs 7 Thousand crores.
Means US$ 1 Billion is 7000 crore.
For example, when you multiply 1000 with 6.5, it becomes Rs 6500 crores.
Means US$ 1 Billion is 6500 crore.
For example, when you multiply 1000 with 6.9, it becomes Rs 6900 crores.
Means US$ 1 Billion is 6900 crore.

1 Billion in Rupees is equals to

NOW LET ME EXPLAIN THE LOGIC:

For example if the Exchange rate is US$ 1 = RS 70
US$ 1 BILLION = US$ 1,000,000,000 = Rs 70 X 1,000,000,000 = Rs 70,000,000,000 = Rs 7000 Crore
For example if the Exchange rate is US$ 1 = RS 65
US$ 1 BILLION = US$ 1,000,000,000 = Rs 65 X 1,000,000,000 = Rs 65,000,000,000 = Rs 6.5 Crore
For example if the Exchange rate is US$ 1 = RS 69
US$ 1 BILLION = US$ 1,000,000,000 = Rs 69 X 1,000,000,000 = Rs 69,000,000,000 = Rs 6.9 Crore
_______________________________________________________________________________

How much is 1 million in rupees in India?

To calculate this:

HERE IS MY TRICK

Here is how you can do it:

First, find out the Rupee to US$ exchange rate.
Second Divide the value of US$ in Indian rupees by 10.
For example, if 1US$ = Rs 70, then after diving it by 10 it becomes 7.
For example, if 1US$ = Rs 65, then after diving it by 10 it becomes 6.5.
For example, if 1US$ = Rs 69, then after diving it by 10 it becomes 6.9.
Now just add Crore to the number you have got:
For example, when the number above is 7, it becomes Rs 7 crores.
Means US$ 1 Million is 7 crore.
For example, when the number above is 6.5, it becomes Rs 6.5 crores.
Means US$ 1 Million is 6.5 crore.
For example, when the number above is 6.9, it becomes Rs 6.9 crores.
Means US$ 1 Million is 6.9 crore.
NOW LET EXPLAIN THE LOGIC:

1 million in crores

For example if the Exchange rate is US$ 1 = RS 70
US$ 1 MILLION = US$ 1,000,000 = Rs 70 X 1,000,000 = Rs 70,000,000 = Rs 7 Crore
For example if the Exchange rate is US$ 1 = RS 65
US$ 1 MILLION = US$ 1,000,000 = Rs 65 X 1,000,000 = Rs 65,000,000 = Rs 6.5 Crore
For example if the Exchange rate is US$ 1 = RS 69
US$ 1 MILLION = US$ 1,000,000 = Rs 69 X 1,000,000 = Rs 69,000,000 = Rs 6.9 Crore
I hope you will be able to deploy this trick and make you life simple.

Best wishes.

Frequently Asked Questions