The term "million" is used in both small and large numbering systems, unlike larger numbers that have distinct names in these systems.
One million equals 1,000 thousand (i.e., 1,000,000). It is the natural number that comes after 999,999 and before 1,000,001.
The word "million" has its roots in early Italian. The modern Italian word is "milione," which is derived from "mille," meaning "thousand," combined with the augmentative suffix "-one." The abbreviation for million is "m."
How Many Lakhs Does a Million Mean?
n both Indian and international number systems, terms like rupees, lakhs, and millions are used to express large amounts easily.
Indian Number System
In the Indian numbering system, the place values of digits in a number are as follows:
- Ones
- Tens
- Hundreds
- Thousands
- Ten Thousands
- Lakhs (100,000)
- Ten Lakhs (1,000,000)
- Crores (10,000,000)
International Number System
In the international numbering system, the place values of digits in a number are:
- Ones
- Tens
- Hundreds
- Thousands
- Ten Thousands
- Hundred Thousands
- Millions (1,000,000)
- Billions (1,000,000,000)
Converting Between Lakhs and Millions
1,000,000 is called one million. In the Indian system, this is equal to ten lakhs. Numerically, this is shown as:
- 1,000,000 = 1 million
- 10,00,000 = 10 lakhs = 1 million
So, one million is the number that comes after 999,999 and before 1,000,001. Mathematically:
- 999,999 + 1 = 1,000,000
- 1,000,001 - 1 = 1,000,000
In scientific notation, one million is written as:
- 1 x 10^6 = 1,000,000
One Million in Rupees
One million is equal to ten lakhs in rupees.
1 Million in Rupees
To convert tens of millions to Indian rupees, divide one million by ten lakhs, where one lakh has six zeros. Allow us to look at the cost of thousands and thousands of rupees in the table below:
| Millions | Rupees |
| 1 | 1,000,000 |
| 2 | 2,000,000 |
| 10 | 10,000,000 |
| 50 | 50,000,000 |
| 60 | 60,000,000 |
| 70 | 70,000,000 |
| 100 | 100,000,000 |
| 1000 | 1,000,000,000 |
1 Million Means How Much?
In India, we usually talk about money in terms of rupees, thousands, and lakhs. However, the term "million" is often used in international finance to indicate large amounts of money. To understand how much one million is in the Indian context, here is a breakdown:
- 1 million is equal to 1,000,000 rupees.
- 1 million is the same as 10 lakhs.
- 1 million is also equal to 0.1 crore.
In simpler terms, when we say 1 million, we are talking about a significant amount of money, which is ten lakh rupees or one-tenth of a crore.
Frequently Asked Questions
To calculate 1 million, simply understand that it is equal to 1,000,000. You can also think of it as 1 thousand multiplied by 1 thousand (1,000 x 1,000).
No, 1 million is not equal to 1 lakh. 1 lakh is equal to 100,000, while 1 million is 1,000,000. So, 1 million is 10 times larger than 1 lakh.
1 million is equal to 10 lakhs. Since 1 lakh is 100,000, you can divide 1 million (1,000,000) by 100,000 to get 10 lakhs.
The value of 1 million is 1,000,000. In terms of currency, it represents one million units of that currency (e.g., dollars, rupees).
No, 1 million is not equal to 1 crore. 1 crore is equal to 10 million (10,000,000). Therefore, 1 million is one-tenth of a crore.