9 Best Colleges for Masters in Economics in India

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These 9 Best Colleges for Masters in Economics in India offer comprehensive coaching, skilled school, and present day facilities to empower college students in their pursuit of thier career. With a focus on holistic development and academic excellence, the satisfactory faculties in India offer a nurturing environment in which college students can hone their capabilities, build a strong basis know-how.

Delhi School of Economics (DSE), University of Delhi – 9 Best Colleges for Masters in Economics in India
Jawaharlal Nehru University (JNU), New Delhi – 9 Best Colleges for Masters in Economics in India
Indian Statistical Institute (ISI), Kolkata – 9 Best Colleges for Masters in Economics in India
Madras School of Economics (MSE), Chennai – 9 Best Colleges for Masters in Economics in India
Indira Gandhi Institute of Development Research (IGIDR), Mumbai – 9 Best Colleges for Masters in Economics in India
Gokhale Institute of Politics and Economics (GIPE), Pune – 9 Best Colleges for Masters in Economics in India
Centre for Development Studies (CDS), Trivandrum – 9 Best Colleges for Masters in Economics in India
School of Economics, University of Hyderabad – 9 Best Colleges for Masters in Economics in India
Department of Economics, Jamia Millia Islamia (JMI), New Delhi – 9 Best Colleges for Masters in Economics in India
FAQ’s

Best Colleges for Masters in Economics in India

College Name	Location	Course Offered	Fees (per annum)	Accreditation
Delhi School of Economics (DSE), University of Delhi	Delhi	M.A. in Economics	Approx. ₹40,000	NAAC
Jawaharlal Nehru University (JNU)	New Delhi	M.A. in Economics	Approx. ₹20,000	NAAC
Indian Statistical Institute (ISI)	Kolkata	M.S. in Quantitative Economics	Approx. ₹15,000	NAAC
Madras School of Economics (MSE)	Chennai	M.A. in Economics	Approx. ₹30,000	NAAC
Indira Gandhi Institute of Development Research (IGIDR)	Mumbai	M.Sc. in Economics	Approx. ₹40,000	NAAC
Gokhale Institute of Politics and Economics (GIPE)	Pune	M.A. in Economics	Approx. ₹35,000	NAAC
Centre for Development Studies (CDS)	Trivandrum	M.A. in Applied Economics	Approx. ₹40,000	NAAC
School of Economics, University of Hyderabad	Hyderabad	M.A. in Economics	Approx. ₹25,000	NAAC
Department of Economics, Jamia Millia Islamia (JMI)	New Delhi	M.A. in Economics	Approx. ₹30,000	NAAC

9 Best Colleges for Masters in Economics in India

College Name	Description
Delhi School of Economics (DSE), University of Delhi	Renowned for its rigorous academic programs in economics and its distinguished alumni network.
Jawaharlal Nehru University (JNU), New Delhi	A top institution for economics, known for its interdisciplinary approach and research excellence.
Indian Statistical Institute (ISI), Kolkata	Offers a highly respected economics program with a strong emphasis on quantitative techniques and statistics.
Madras School of Economics (MSE), Chennai	Specializes in applied economics and econometrics, with strong ties to industry and policy-making bodies.
Indira Gandhi Institute of Development Research (IGIDR), Mumbai	An autonomous research institution offering top-tier programs in economics with a focus on development studies.
Gokhale Institute of Politics and Economics (GIPE), Pune	One of the oldest economics institutes in India, known for its research and teaching in economics and public policy.
Centre for Development Studies (CDS), Trivandrum	A research and teaching institute with a focus on development economics and policy analysis.
School of Economics, University of Hyderabad	Offers an innovative and research-driven economics program, recognized for its academic rigor.
Department of Economics, Jamia Millia Islamia (JMI), New Delhi	Known for its focus on applied economics, offering robust training in theoretical and empirical economics.

Delhi School of Economics (DSE), University of Delhi - 9 Best Colleges for Masters in Economics in India

Established in 1949, DSE is one of the premier institutions in India for economics. It offers rigorous academic training, experienced faculty, and excellent research opportunities.

NIRF Ranking: N/A
Fee: Approximately INR 20,000 per year
Organization Type: Public
Official Website: DSE, University of Delhi

World-Class Programs: DSE offers a variety of programs including postgraduate courses like MA in Economics, and PhD programs. Its economics program is highly regarded nationally and internationally.
Renowned Faculty: The faculty at DSE includes some of the most respected economists and academicians in the country, providing students with top-notch academic guidance.
Research-Oriented Environment: DSE places a strong emphasis on research, encouraging students to engage in rigorous research projects, contributing to the field of economics and social sciences.
Academic Rigor: The programs are known for their academic rigor, equipping students with a strong theoretical foundation and practical insights into economics, making them highly competitive in the job market.
Wide Career Opportunities: Graduates from DSE are highly sought after by employers in diverse sectors including academia, government, international organizations, consulting firms, and financial institutions.

With its holistic approach to education, experienced faculty, and exceptional track record, Delhi School of Economics (DSE), University of Delhi continues to be in 9 Best Colleges for MA Economics in India

Jawaharlal Nehru University (JNU), New Delhi - 9 Best Colleges for Masters in Economics in India

JNU’s School of Social Sciences offers a renowned MA in Economics program. The curriculum focuses on both theoretical and applied economics, with a strong emphasis on research.

NIRF Ranking: 2
Fee: Approximately INR 300 per semester
Organization Type: Public
Official Website: JNU

Renowned Faculty: The university has highly qualified and reputed faculty members, including scholars and researchers who are leaders in their fields.
Research Focus: JNU is a research-oriented institution with strong emphasis on academic research, offering students the opportunity to work on important projects across disciplines.
Interdisciplinary Approach: The university is known for its interdisciplinary learning approach, encouraging students to explore diverse subjects and integrate knowledge across fields.
Vibrant Campus Life: JNU has a culturally rich and politically active campus, with students participating in various academic, social, and extracurricular activities, creating a dynamic learning environment.
Inclusive and Diverse: The university is known for its inclusivity, welcoming students from diverse backgrounds, regions, and countries, creating a global learning atmosphere.

With its unwavering dedication to academic excellence, Jawaharlal Nehru University (JNU), School of Social Sciences continues to be a preferred choice for students in one of the 9 Best Colleges for MA Economics in India

Indian Statistical Institute (ISI), Kolkata - 9 Best Colleges for Masters in Economics in India

ISI is well-known for its rigorous training in economics, particularly in econometrics and statistical methods. The MSQE (Master of Science in Quantitative Economics) program is highly esteemed.

NIRF Ranking: N/A
Fee: Approximately INR 20,000 per year
Organization Type: Public
Official Website: ISI Kolkata

Renowned Faculty: ISI boasts a distinguished faculty, including leading statisticians and mathematicians who contribute significantly to research and academia.
Research-Oriented: The institute emphasizes research, providing students with opportunities to engage in cutting-edge research projects and collaborate on various statistical applications.
Interdisciplinary Approach: ISI encourages an interdisciplinary approach, allowing students to explore various fields like economics, biology, and social sciences through statistical methods.
Strong Alumni Network: The alumni of ISI include many prominent figures in academia, industry, and government, providing current students with valuable networking opportunities.
Robust Infrastructure: ISI is equipped with modern facilities, including libraries, computer labs, and research centers, creating an ideal environment for academic pursuits.

With its commitment to quality education, experienced faculty, and comprehensive support system, Indian Statistical Institute (ISI), Kolkata one of the 9 Best Colleges for MA Economics in India stands as a premier institution.

Madras School of Economics (MSE), Chennai - 9 Best Colleges for Masters in Economics in India I

MSE offers a range of master’s programs in economics, including General Economics, Financial Economics, and Actuarial Economics. The institution is known for its quality education and strong placement record.

NIRF Ranking: N/A
Fee: Approximately INR 2,00,000 per year
Organization Type: Private
Official Website: MSE

Renowned Faculty: The institute has a highly qualified faculty, including prominent economists who are actively involved in research, policy-making, and consultancy.
Research Focus: MSE places a strong emphasis on research, particularly in areas like environmental economics, macroeconomics, development economics, and finance, contributing to both academic and policy-oriented research.
Industry-Relevant Curriculum: The programs at MSE are designed to blend theoretical knowledge with practical applications, preparing students for careers in academia, policy analysis, and the financial sector.
Collaborations: MSE has collaborations with national and international organizations, including the Ministry of Finance, World Bank, and other global institutions, offering students exposure to real-world economic challenges.
Seminars and Workshops: The institute regularly hosts seminars, guest lectures, and workshops by renowned economists and industry professionals, keeping students updated with the latest trends in economics.

With its holistic approach to education, experienced faculty, and exceptional track record, Madras School of Economics (MSE) continues to be in 9 Best Colleges for MA Economics in India

Gokhale Institute of Politics and Economics (GIPE), Pune - 9 Best Colleges for MA Economics in India

Established in 1930, GIPE offers a master’s program in economics with a strong emphasis on research and policy analysis. The institute is known for its academic rigor and experienced faculty.

NIRF Ranking: N/A
Fee: Approximately INR 50,000 per year
Organization Type: Public
Official Website: GIPE

Renowned Faculty: The institute is home to highly experienced faculty members who are experts in their fields, contributing to both academic research and policy-making.
Research-Oriented: GIPE emphasizes high-quality research in areas like development economics, agricultural economics, public policy, and finance, making significant contributions to policy development.
Policy Research Focus: The institute is known for its work in economic policy research, frequently collaborating with government bodies, NGOs, and international organizations to influence policy decisions.
Interdisciplinary Approach: GIPE integrates politics, economics, and social sciences in its curriculum, encouraging students to explore economics in relation to broader social and political contexts.
Vibrant Academic Environment: The institute organizes regular seminars, workshops, and conferences, featuring economists, policy-makers, and researchers, creating a stimulating learning environment.

With its commitment to quality education, experienced faculty, and comprehensive support system, Gokhale Institute of Politics and Economics (GIPE), Pune one of the 9 Best Colleges for MA Economics in India stands as a premier institution.

Indira Gandhi Institute of Development Research (IGIDR), Mumbai - 9 Best Colleges for Masters in Economics in India

IGIDR offers a multidisciplinary approach to economics education with a focus on development and policy. The M.Sc. in Economics program is known for its research orientation and experienced faculty.

NIRF Ranking: 57
Fee: Approximately INR 16,000 per year
Organization Type: Government
Official Website: igidr.ac.in

Postgraduate and Doctoral Programs: IGIDR offers M.Sc. in Economics and PhD programs with a strong emphasis on research in development economics, energy studies, environmental economics, and macroeconomic policies.
Renowned Faculty: The institute has a team of distinguished faculty members who are experts in development studies, economic research, and policy analysis.
Research Focus: IGIDR is heavily research-oriented, focusing on key areas like development economics, public policy, environment, energy, and macroeconomic issues, contributing significantly to policy-making in India.
Interdisciplinary Approach: The institute promotes an interdisciplinary approach to economics, integrating aspects of social sciences, finance, energy, and environmental studies into its programs.
Collaborations and Partnerships: IGIDR collaborates with various international organizations, government bodies, and academic institutions, allowing students to engage in global research and policy projects.

With its commitment to quality education, experienced faculty, and comprehensive support system, Indira Gandhi Institute of Development Research (IGIDR), Mumbai one of the 9 Best Colleges for Masters in Economics in India stands as a premier institution.

Centre for Development Studies (CDS), Trivandrum - 9 Best Colleges for Masters in Economics in India

CDS offers an MA program in Applied Economics, focusing on development issues. The institute is renowned for its research output and faculty expertise in development economics.

NIRF Ranking: 13
Fee: Approximately INR 25,000 per year
Organization Type: Government
Official Website: cds.edu

Postgraduate and Doctoral Programs: CDS offers M.A. in Applied Economics and PhD programs, with a focus on development studies, applied economics, and social policy research.
Research Excellence: The institute is known for its research in areas like migration, labor, poverty, gender studies, and rural development, contributing to both national and international policy-making.
Renowned Faculty: CDS boasts highly qualified faculty members with expertise in various domains of development economics and social sciences, actively engaged in academic and policy research.
Collaborations and Partnerships: CDS collaborates with international and national organizations, including the United Nations, World Bank, and the Government of India, providing students with opportunities to participate in global research projects.
Strong Focus on Kerala Model of Development: The institute is well-known for its work on the “Kerala Model of Development,” which emphasizes high human development indices despite modest economic growth, making it a key reference for social development studies.

With its stellar reputation, dedicated faculty, and student-centric approach, Centre for Development Studies (CDS), Trivandrum continues to set the benchmark for the 9 Best Colleges for Masters in Economics in India

School of Economics, University of Hyderabad - 9 Best Colleges for Masters in Economics in India

he University of Hyderabad offers an MA in Economics program with a strong emphasis on both theoretical and empirical analysis. The program is known for its comprehensive curriculum and research opportunities.

NIRF Ranking: 10
Fee: Approximately INR 6,000 per year
Organization Type: Public
Official Website: University of Hyderabad

Research Focus: The school emphasizes research in economic growth, development, public policy, and rural economics, allowing students to engage in important policy-related projects and fieldwork.
Collaborations and Projects: The School collaborates with various national and international institutions, providing opportunities for students to participate in interdisciplinary research and global economics projects.
Strong Emphasis on Analytical Skills: The curriculum is designed to sharpen students’ analytical abilities, with a strong foundation in quantitative methods, econometrics, and policy analysis.
State-of-the-art Resources: The University of Hyderabad provides modern research facilities, including access to a comprehensive library, data resources, and research tools, supporting students in their academic endeavors.
Seminars and Conferences: The school regularly organizes seminars and workshops featuring economists, policy-makers, and experts from across the world, enriching the learning experience for students.

With its dedication to quality education, experienced faculty, and focus on holistic development, School of Economics, University of Hyderabad continues to be in 9 Best Colleges for Masters in Economics in India

Department of Economics, Jamia Millia Islamia (JMI), New Delhi - 9 Best Colleges for Masters in Economics in India

JMI offers an MA in Economics program that provides a blend of theoretical and applied economics. The department is known for its quality education, experienced faculty, and active research environment.

NIRF Rankings: 12
Fee: Approximately INR 8,000 per year
Organization Type: Government
Official Website: jmi.ac.in

Wide Range of Programs: The department offers B.A. (Hons.), M.A., and PhD programs in Economics, providing comprehensive training in economic theory, econometrics, and applied economics.
Experienced Faculty: The department boasts a distinguished faculty with expertise in various areas such as development economics, international trade, environmental economics, and labor economics, providing students with quality education and research guidance.
Research-Oriented: The department emphasizes research in development studies, poverty, inequality, public finance, and environmental economics, encouraging students to engage in critical policy analysis and empirical research.
Collaborations and Partnerships: The department collaborates with national and international institutions, think tanks, and governmental organizations, giving students opportunities for internships and collaborative research projects.
Focus on Policy Analysis: The curriculum includes courses on economic policies, financial markets, and global economics, helping students develop strong analytical skills for solving real-world economic issues.

With its holistic approach to education, experienced faculty, and exceptional track record, Department of Economics, Jamia Millia Islamia (JMI), New Delhi continues to be in 9 Best Colleges for Masters in Economics in India

FAQ's

1. Which is the No 1 college of economics in India?

Some of the best institutes for economics in India are: Indian Statistical Institute (ISI) Delhi School of Economics, University of Delhi. Jawaharlal Nehru University (JNU)

2. Is MA in Economics useful?

An MA in Economics provides excellent training in analytical and problem-solving skills, which are highly valued in the job market.

3. Is Masters in Economics in demand?

Achieving a Master’s in Economics significantly enhances one’s earning potential, reflecting the high demand for advanced economic analysis skills in the job market.