Investigate the constitutional provisions relevant to business, such as the fundamental right to practice any profession, occupation, trade, or business as enshrined in Article 19.

The Indian Constitution provides a robust framework for business operations, ensuring economic freedom while balancing regulatory oversight. One of the most significant provisions is Article 19(1)(g), which guarantees the fundamental right to practice any profession, occupation, trade, or business.

Key Aspects of Article 19(1)(g)

• Freedom to Conduct Business: Citizens have the right to engage in any lawful trade or profession.

• Restrictions Under Article 19(6): The state can impose reasonable restrictions in the interest of the general public, prescribe professional qualifications, or establish state monopolies.

• Applicability: This right is available only to citizens, not corporations or foreign entities.

Other Constitutional Provisions Relevant to Business

• Article 301: Ensures free trade and commerce across India.

• Article 39(b) & (c): Directs the state to prevent wealth concentration and ensure equitable resource distribution.

• Article 14: Guarantees equality before the law, preventing discriminatory business practices.

• Article 21: Protects the right to livelihood, influencing labor laws and employment rights.

Judicial Interpretations & Business Impact

Courts have upheld reasonable restrictions on business activities, ensuring ethical practices and consumer protection. For instance, state monopolies in sectors like banking and insurance were justified under Article 19(6).