NEW YORK (Standard & Poor's CreditWire) June 29, 2000-- Standard & Poor's today published a report entitled "Information Technology in India: Yet Another Missed Opportunity?" The report is available as a commentary article on RatingsDirect, Standard & Poor's Web-based credit analysis system. The report assesses the long-term impact of information technology (IT) on India's credit rating. It cautions that a successful IT sector does not necessarily portend an economic transformation of India as a whole. Poor public policies and rigid institutions, mainly the bureaucracy, may limit IT's beneficial impact to a few modernized sectors in an economy still run largely along traditional lines. India has had more success in creating innovative IT applications than in building a flexible economy and
