Indian Polity & Governance·Amendments

Investment and Trade — Amendments

Constitution VerifiedUPSC Verified
Version 1Updated 5 Mar 2026
AmendmentYearDescriptionImpact
44th Amendment1978Removed the right to property from fundamental rights and made it a constitutional right under Article 300A, significantly impacting investment and business operations by reducing constitutional protection for property rightsEnabled easier land acquisition for public purposes and reduced litigation over property rights, facilitating infrastructure development and industrial projects while raising concerns about investor protection
101st Amendment2016Introduced Goods and Services Tax (GST) by adding Article 246A and establishing the GST Council, creating a unified indirect tax system replacing multiple central and state taxesTransformed India's tax landscape by creating a common market, reducing transaction costs, and improving ease of doing business while requiring unprecedented center-state cooperation in tax policy
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