Split and merge into it. Answered by The Community. Making the world better, one answer at a time. Lakh is a term in the Indian numbering system. 1 lakh = 100 thousand. The term is also used widely in other parts of South Asia-Pakistan, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives.plit and merge into it. Answered by The Community. Making the world better, one answer at a time. Lakh is a term in the Indian numbering system. 1 lakh = 100 thousand. The term is also used widely in other parts of South Asia-Pakistan, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives.