Indian Financial Markets

The Firms 39

TABLE 2.7 Sources and Uses of Funds

Change from Share in

99–00 to 04–05 overall change

(Billion USD) (Percent)

Sources of funds

Equity 78 35.22

Debt 42 18.98

Current liability 80 36.21

Others 21 9.50

Uses of funds

Gross fixed assets 147 66.71

Investments 33 14.71

Others 41 18.55

Total assets/ liabilities 221 100.00

TABLE 2.8 Efficiency Measures

1999–2000 2004–2005

Gross value added per net fixed assets 0.44 0.55

Gross value added per total assets 0.17 0.21

Days of raw material 64 48

Days of finished goods 32 20

Energy expense per gross value added 0.23 0.18

Turning to the uses of the funds, the most important application was that of

adding $147 billion