Financial Emergency — Mains Questions

Despite facing several economic challenges, India has never invoked Article 360. Analyze the reasons behind this and evaluate the constitutional safeguards against its potential misuse.

Compare and contrast the provisions of Financial Emergency (Article 360) with National Emergency (Article 352) and President's Rule (Article 356), highlighting their distinct objectives and implications for the Indian federal structure.

In the context of increasing fiscal stress on states and global economic uncertainties, critically examine the relevance of Article 360 in contemporary India. Discuss potential scenarios that could theoretically trigger its invocation.