Crore

A core terminological aspect of South Asian finance representing a unit in the Indian numbering system, which equals ten million (10,000,000) in the International System.
On this page

Definition of Crore

A “Crore” is a unit in the Indian numbering system that equals ten million (10,000,000) in the International System. It is commonly used in South Asian countries like India, Bangladesh, Nepal, and Pakistan to denote large sums of money, population counts, and other significant numerical values. In financial terms, one crore is represented numerically as 1,00,00,000.

Examples

  1. National Budget: When discussing a country’s national budget, an economist might say the government allocated Rs 5,000 crore for infrastructure development.
  2. Corporate Revenue: A company’s annual revenue might be reported as Rs 1,200 crore.
  3. Property Valuation: Real estate worth might be expressed as Rs 15 crore.

Frequently Asked Questions (FAQs)

What is a crore in the US number system?

A crore in the US number system is equivalent to 10 million. Numerically, it is represented as 10,000,000.

How do you write 1 crore in numbers?

One crore is written as 1,00,00,000 in the Indian numbering system and 10,000,000 in the International System.

What is the symbol for crore?

There is no specific symbol for crore. It is generally denoted as ‘Cr’ in financial statements or discussions.

How does crore relate to other units like million and billion?

  • 1 crore = 10 million
  • 10 crore = 100 million = 0.1 billion
  • 100 crore = 1 billion

Is crore used outside South Asia?

While “crore” is a term specifically used in the Indian subcontinent, its equivalent international value (10 million) is understood globally, particularly in financial contexts.

How many zeroes are in 1 crore?

One crore has seven zeroes: 1,00,00,000.

  • Lakh: A unit in the Indian numbering system equal to one hundred thousand (100,000).
  • Million: An international unit equal to ten lakh or 1,000,000.
  • Billion: An international unit equal to one hundred crore or 1,000,000,000.

Online References

  1. Investopedia on Indian Numbering System
  2. Wikipedia on Crore
  3. Economic Times - Crore Definition

Suggested Books for Further Studies

  1. Financial Accounting for Management by Paresh Shah
  2. India’s Financial Market by Ajay Shah, Susan Thomas, Michael Gorham
  3. Essentials of Financial Management by Eugene F. Brigham, Joel F. Houston

Accounting Basics: “Crore” Fundamentals Quiz

Loading quiz…

Thank you for your dedication to understanding the finances in the Indian numbering system! Keep up the great work in mastering these concepts.

Cross
Crony Capitalism