10 best educational institutes to study economics in India

TheCareerHub, 28th December, 2020


Education plays an essential role in our life. Moreover, the choice of institutes adds value to it due to factors like the experience of the teaching faculty, course outlines, grants and scholarships, additional facilities etc. We understand that deciding on an institute can be a daunting task for which we rely on reviews and references from friends, family, alumni students and rankings. With so many colleges and institutions in India offering similar courses, it becomes difficult to decide where to study in India? Today we will be covering the top 10 institutes to study economics in India.

1. University of Delhi (DU)

This is one of the most preferred institutes in India when we talk about economics. According to the Centre for World University Rankings, DU is India's best university (CWUR). It is ranked first among the top 25 Central Universities in India and the top 10 Indian public educational institutions. The Central Legislative Institution Act of 1922 created it as unified teaching and residential university. The DU offers specialized courses in economics, including M.A. in Economics and M.Phil. or a PhD program in economics. It also provides ample research facilities and has a renowned alumni community.

2. Jawaharlal Nehru University (JNU)

This is another institute recognized as the best university by the National Assessment and Accreditation Council (NAAC). It also received the best university award in 2017. It was established in 1966 by the act of Parliament. Apart from the standard courses like M.A., M.Phil. and PhD by the Centre of Economic Studies and Planning, it offers specialized courses for different branches of economics like M.A. in Development and Labor Studies, economic aspects associated with regional development, social systems, social exclusion and inclusive policy etc. It offers a world-class Advanced Instrumentation and Research facility, convention centre, online library etc.

3. University of Mumbai

It is one of the oldest universities in India and among the first three universities in India. Established in 1857, it was accorded 5-star status in 2001 and 'A' grade status in 2012 by the National Assessment and Accreditation Council (NAAC). It offers bachelor's and master's degrees in economics and a PhD. If we talk about facilities, it has a library, gymnasium, sports complex, virtual classrooms and hostel.

4. University of Agricultural Science, Bangalore (UASB)

The UASB was inaugurated in 1964 by the Vice President of India. This is one of the universities which gives a lot of impetus to the student's welfare. Therefore, they provide facilities like insurance and health services and encourage students to involve in the celebration of festivities. This university specializes in Agricultural Science, thereby providing postgraduate and doctoral courses in Agricultural Economics. The facilities include a library, research facilities, training and laboratories for students of specific courses.

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5. St. Stephen's College

Founded in 1881, this is one of the oldest colleges in Delhi. It has been ranked as one of the top colleges in India by National Institute Ranking Framework (NIRF). Even if we look at the rankings based on various parameters like reputation, academic input, placement, and student care, it tops the chart. It offers courses in B.A. Economics (Hons.) and M.A. in Economics. Facilities include a library, residence, banking, sports, placement centre and equal opportunity cell.

6. Jamia Millia Islamia University

Initially established in 1920 in Aligarh, Uttar Pradesh, it was renamed the Central University by an act of Parliament in 1988. It has a rich cultural heritage that dates back to British rule. It offers courses related to economics like B.A. Economics (Hons.), M.A. in Economics and M.Phil./Ph.D. course. The additional facilities include distance learning, remote library, placement cell, global alumni network, hostel and startup cell.

7. University of Calicut

It is the largest university in Kerala, established in 1968. The options you have to pursue to get into economics include a B.A. Economics with Development Economics, B.A. Economics with Foreign Trade, B.A. Economics, M.A Economics, M.A in Applied Economics, M.A Financial Economics and M.Phil. Economics. The facilities are as per the national standards.

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8. Symbiosis School of Economics (SSE)

This is a part of Symbiosis International University (Deemed University). It offers courses like BSc. Economics Honors and MSc. in Economics. One of the exciting things about this university is events like 'Economist of the Year', Workshops and Seminars, induction, and alumni meetings. It focuses a lot on issues like harassment and ragging and has some elite celebrities on its board. As far as the facilities are concerned, the one that stands out is the Behavioral and Experimental Economics cell.

9. Madras School of Economics (MSE)

Another institution that should be on your radar is economics is your area of interest. The MSE offers customized programs in the field of economics like 5-year Integrated M.A. in Economics program along with standard courses like M.A. in General Economics, Financial Economics, Actuarial Economics, and Environmental Economics. If this is not enough, you can go for a PhD program.

10. Shri Ram College of Commerce, Delhi

This college is known for its courses as well as initiatives. The courses offered are B.A (Hons.) Economics and M.A. in Economics. Some key initiatives include the Centre for Green Initiatives, Centre for Professional Development, Incubation Program, National Centre of Corporate Governance, and Anti-Discrimination Committee.

I hope this has answered the core question related to the choice of the institution where to study in India.


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