The correct answer is option 2, "Never." The President of India has never declared a Financial Emergency in the country. A Financial Emergency is a situation where the financial stability or credit of India or any part of its territory is threatened. It can be declared by the President under Article 360 of the Indian Constitution when a State Government is not able to meet its financial obligations or when there is a severe financial crisis in the country. However, since India`s independence in 1947, there has been no instance where the President has felt the need to declare a Financial Emergency. It is important to note that a Financial Emergency is different from a State Emergency or a National Emergency, which have been declared in the past.