National Agencies
Over 200 national agencies assist the functions of ministries and their departments and directorates in delivering public services across many areas economic, social, infrastructural and national security. Most of them have functions backed by an Act of Parliament. Degrees of autonomy, the scope of operations and their constitution vary throughout. Some national agencies report to ministers and some directly to Parliament. India is a nuclear power; the Atomic Energy Commission, a committee-type body which oversees the country’s nuclear future was established following the enactment of Atomic Energy Act. India’s economy has grown rapidly partly due to its success in trade. The India Trade Promotion Organisation which falls under the Ministry of Commerce and Industry provides a wide spectrum of services to trade and industry and acts as a catalyst for growth of India’s trade. The Securities and Exchange Board of India is the regulator for capital markets in India. It was established by the Securities and Exchange Board of India Act of 1992.