Fund flush

Bank credit, internal resources, ECBs constitute main source of funding for India Inc

1.6 ADR/GDR3.81.8 ECBs22.223.3 CPs2.82.5 Loans from FIs3.32.8 Retained earnings19.517.1 Depreciation23.712.6  In absolute terms, ECBs more than doubled in value, moving up from Rs 18,113 crore in FY04 to Rs 38,887 crore in the next year.  And although funds mopped up from share issues rose substantially in FY05 (Rs 10,580 crore for non-government companies compared to Rs 2323 crore in the previous year), they still constitute only a small part of India Inc