Dear Arun,

Here the pro's and con's of both projections.

The LCC Projection

A Lambert conformal conic projection (LCC) is a conic map projection used for aeronautical charts, portions of the State Plane Coordinate System, and many national and regional mapping systems. It is one of seven projections introduced by Johann Heinrich Lambert in his 1772 publication Anmerkungen und Zusätze zur Entwerfung der Land- und Himmelscharten (German: Notes and additions for creating ground and aerial charts).

Conceptually, the projection seats a cone over the sphere of the Earth and projects the surface conform onto the cone. The cone is unrolled, and the parallel that was touching the sphere is assigned unit scale. That parallel is called the reference parallel or standard parallel.

By scaling the resulting map, two parallels can be assigned unit scale, with scale decreasing between the two parallels and increasing outside them. This gives the map two standard parallels. In this way, deviation from unit scale can be minimized within a region of interest that lies largely between the two standard parallels. Unlike other conic projections, no true secant form of the projection exists because using a secant cone does not yield the same scale along both standard parallels.

Lambert conformal conic projection with standard parallels at 20°N and 50°N. Projection extends toward infinity southward and so has been cut off at 30°S.

 Pilots use aeronautical charts based on LCC because a straight line drawn on a Lambert conformal conic projection approximates a great-circle route between endpoints for typical flight distances. The US systems of VFR (visual flight rules) sectional charts and terminal area charts are drafted on the LCC with standard parallels at 33°N and 45°N.

The European Environment Agency and the INSPIRE specification for coordinate systems recommends using this projection (also named ETRS89-LCC) for conformal pan-European mapping at scales smaller or equal to 1:500,000. In Metropolitan France, the official projection is Lambert-93, a Lambert conic projection using RGF93 geodetic system and defined by references parallels that are 44°N and 49°N.

The National Spatial Framework for India uses Datum WGS84 with a LCC projection and is a recommended NNRMS standard. Each state has its own set of reference parameters given in the standard.

The U.S. National Geodetic Survey's "State Plane Coordinate System of 1983" uses the Lambert conformal conic projection to define the grid-coordinate systems used in several states, primarily those that are elongated west to east such as Tennessee. The Lambert projection is relatively easy to use: conversions from geodetic (latitude/longitude) to State Plane Grid coordinates involve trigonometric equations that are fairly straightforward and which can be solved on most scientific calculators, especially programmable models. The projection as used in CCS83 yields maps in which scale errors are limited to 1 part in 10,000. The Lambert conformal conic is one of several map projection systems developed by Johann Heinrich Lambert, an 18th-century Swiss mathematician, physicist, philosopher, and astronomer.

The Albers projection

The Albers equal-area conic projection, or Albers projection (named after Heinrich C. Albers), is a conic, equal area map projection that uses two standard parallels. Although scale and shape are not preserved, distortion is minimal between the standard parallels.

The Albers projection is one of the standard projections for British Columbia, and is the sole standard projection used by the government of Yukon. It is also used by the United States Geological Survey and the United States Census Bureau.

Snyder describes generating formulae for the projection, as well as the projection's characteristics. Coordinates from a spherical datum can be transformed into Albers equal-area conic projection coordinates with the following formulas, where λ is the longitude, λ0 the reference longitude, φ the latitude, φ0 the reference latitude and φ1 and φ2 the standard parallels:

An Albers projection shows areas accurately, but distorts shapes.

Conclusion

The Albers projection distorts shapes and hence shape and surface area are not conserved. This is not the case for the LCC projection. Hence use the LCC projection especially i GIS applications.

See the pdf attachment for illustrations and formulae.

Thank You Dr. Frank for the perfect explanation.

Thank you again.

LCC projection would be better for Himalayan region with spheroid "Everest" and datum "India(Bangladesh). You also need some more parameters such as latitude of origin, Longitude of central meridian, False easting at central meridian, false nothing at origin, standard parallel 1 and 2  and these you can find at GSI website or at your Institute or from FSI Dehradun.

'Frank Veroustraete' explanation is worth to read.

 Thank You Mr. Dharmendra Singh :)

https://www.researchgate.net/publication/309589918_Driving_force_for_forest_fragmentation_explored_by_land_use_change_in_Song_watershed_India

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