Often we get confused when economists / media / newspapers frequently switch between our indian way of expressing numbers and the american way of expressing the same. For instance, TV anchor would refer to as an investment of Rs.One Thousand crores happening india. Where as your morning newspaper would refer to the same news as investment of One billion.
The fact is while the american system has got terminologies like Million, Billion and trillion our indian system doesnot have a numeric terminology beyond Crores. If and only we have a correlating table, it becomes easier to understand them at par.
Just to make it 'EASIER' to understand, we have compiled a small note below. Hope this demystifies the Billion Questions !!!
Thursday, October 7, 2010
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