Million/billion/trillion..explained
Difference between Million Billion and Trillion!
FINANCE BASICS
Understanding Million, Billion, and Trillion in USD and INR
When starting your journey in finance, it’s useful to understand large numbers like million, billion, and trillion, especially in terms of US Dollars (USD) and Indian Rupees (INR).
Million means 1,000,000 (ten lakhs in Indian terms). So, 1 million USD = about ₹88 million INR (₹8.8 crore), considering the current exchange rate of around ₹88 per USD.
Billion means 1,000,000,000 (a thousand million). In Indian numbering, that's 100 crore. So, 1 billion USD equals approximately ₹88,000 crore INR.
Trillion is 1,000,000,000,000 (one thousand billion). In Indian terms, that's 1 lakh crore. Hence, 1 trillion USD is roughly ₹88 lakh crore INR.
Understanding these conversions helps in grasping the scale of money involved in large financial transactions, government budgets, or company revenues. For starters in finance, knowing how these numbers translate between USD and INR is fundamental to comprehend global financial news and reports.