The President of India can declare three types of emergencies—national, state and financial.
* National emergency is caused by war, external aggression or armed rebellion in whole of India or a part of its territory. In such emergency, Fundamental Rights of Indian citizen can be suspended.
* State emergency is declared by the President due to breakdown of constitutional machinery in a state.
* When the financial stability or credibility of India is threatened, then the President of India may issue a proclamation of Financial emergency.