Discuss the circumstances under which the President can declare emergency in the country.

The President can declare emergency in the country under the following circumstances:

1. When the security of the country or any part of it is threatened by war or external aggression or armed rebellion, National or General Emergency is declared.
2. If there is a breakdown of the Constitutional machinery in a State, the President can declare emergency in that State.
3. If there is a threat to the financial stability of the country, the President can declare financial emergency.