Legislative Department, Ministry of Law and Justice, Government of India - The Constitution of India 2024 (English Version)↗
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Article 360: Provisions as to financial emergency
Provides for Financial Emergency if the financial stability or credit of India or any part is threatened.
Part XVIIIactive
In this article
What it means
Plain-language explanation
Where you notice it
Daily civic life
How it protects you
Citizen protection
What to remember
Exam and recall pointers
What it means
Simple explanation
Article 360 is the constitutional provision for Financial Emergency.
Practical daily-life use
Where citizens notice it
- Relevant to public finance and crisis-governance discussions.
- Helps understand that financial emergency is constitutionally possible but historically unused in India.
How it protects you
Citizen protection context
- Creates a structured response to severe financial instability.
- Requires constitutional process for extraordinary financial controls.
Example situations
General civic examples
- A polity class compares National, State, and Financial Emergencies.
- A severe financial crisis is discussed through constitutional safeguards.
Citizen note
Learning note
India has not proclaimed a Financial Emergency as of the last review date.
Exam pointers
What to remember
- Article 360 deals with Financial Emergency.
- It has never been declared in India as of the last review date.
Related articles
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Source references
Verification basis
Last reviewed against official sources: 2026-05-20.