how many times has financial emergency been declared in india so far??
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Financial Emergency was NEVER declared in India.
A State of emergency in India refers to a period of governance wherein an alternative constitutional setup can be proclaimed by the President of India, when a grave threat is perceived from internal sources, external sources or from the financial solutions of a crisis in India.
The President of India can declare a Financial Emergency under Article 360 of the Indian constitution when the financial stability of India is threatened.
Although such a situation did arise in India, it was avoided without declaring an emergency by putting the gold assets as collateral for foreign credit.
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