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A lakh (also spelled lac) is a unit in a traditional number system, still widely used in India, equal to a hundred thousand. A hundred lakh makes a crore.
This system of measurement also introduces separators into numbers in a different place than is common outside India. For example, 3 million (30 lakh) would be written as 30,00,000.
It is also called laksha in some local languages. New Hindi movies also use Mumbai's gangster lingo 'peti' to signify a lakh.
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