What is 1 crore?

1 Crore

1 crore is a unit of measurement in the Indian numbering system equal to 10 million (10,000,000). It is commonly used in India, Pakistan, Bangladesh, and Nepal to express large amounts of money or quantities. The term derives from the Sanskrit word koti meaning ten million.

Key characteristics of 1 crore:

• Numerical Value: 10,000,000
• Usage: Primarily in the Indian subcontinent.
• Representation: Often abbreviated as "cr" or "crores" (plural).
• Context: Used in finance, statistics, and everyday conversations involving large numbers.

For example, a property valued at ₹5 crore is valued at ₹50,000,000 (50 million Rupees). Understanding crore and other Indian numbering units is essential for interpreting financial data and reports in the region.