Best Colleges for Economics in India

Topic We Cover: Best Colleges for Economics in India

1. Top colleges to pursue Bachelors in Economics

• Miranda House
• Shri Ram College of Commerce
• Lady Shri Ram College
• Presidency University, Kolkata
• St. Stephens College
• St. Xavier’s College, Kolkata
• Loyola College, Chennai
• Madras Christian College, Chennai
• Christ University, Bangalore
• Hindu College

2. Top Private Colleges for B.A. Economics in India
3. Top Colleges to pursue a Masters in Economics
4. Conclusion

Ever wondered what should the government do to cut the budget deficit; what should a business do to increase profit margins? This is what economics teaches you, of how to make well-informed decisions. How can you make decisions without having the Knowledge of the Economy?

Economics is the subject which mainly deals with the idea of allocating limited resources for the development of society as a whole. To study phenomena due to its philosophical roots various other subjects are used by economics. Majorly, Sociology, Mathematics, Philosophy, Psychology are subjects with which economics interacts with.

It helps you grow awareness of the financial structure of the world. It builds an understanding of making correct decisions on how the business works and how to analyze the market.

A note for students who wish to go after economics: A lot of time, people opt for economics because of their ‘false’ interaction with economics in their high school, where economics is basically not that conceptual and mathematical or philosophical. It is beyond numbers and systems of living. Also, higher-level mathematics is mandatory for Applying to Most Colleges.

So, now that we are done with the introduction. For Studying Economics Hons in India let us look at the best institutions. The article covers the institutions offering courses to undergraduate students. The cut off is in relation to CBSE and State Board students. Here, the mentioned fee is only the basic fee for the program type such as B.A., additional costs differ from institution to institution.

Bachelors of Arts Honours in Economics is a three-year full-time undergraduate course offered in various colleges of India. Basically, B.A.(Hons.) is a degree that aims attention to production, distribution, conservation of the available limited resources.

Top colleges to pursue Bachelors in Economics

1. Miranda House

Miranda House is one of the Top-Ranked Colleges of India which is affiliated from Delhi University and accredited by UGC. It is an all-women’s college, located at DU’s North Campus established in 1948. It has been ‘A’ Grade accredited college by NAAC. It has also been accredited by NIRF as Rank 1. It offers courses in the domain of Arts and Science. The Department of Economics offers B.A. (Hons.) Economics and M.A in Economics courses. The Admission process is entirely based upon merit. 

The college has an acceptable infrastructure and is a hotspot of other co-curricular activities. The college has an absence of a placement cell but despite this, the placements of the college are good. After the exams by Delhi University, the cutoffs release at their respective period accordingly. Fees: Rs.12,160. Cut-off: 96% above.

2. Shri Ram College of Commerce

Shri Ram College of Commerce is a reputed college affiliated with Delhi University. It was established in 1920 by an Industrialist, Educationist, Philanthropist- Sir Shri Ram. Both undergraduate and postgraduate courses offered by SRCC in Commerce and Economics. The courses offered are B.A. (Hons.) Economics, B.Com (Hons.), M.Com and M.A. Economics. Apart from these, SRCC also offers a postgraduate diploma in Global Business Operations. 

The Admissions for SRCC are purely based on merit. It is known for its infrastructure, academic excellence, and great faculty. Recruiters from different fields such as banking, finance, insurance visit the college. The Admission process involves registration to the online portal. The students are required to meet the cutoffs according to their categories.

The facilities offered by SRCC also include common rooms for the students, accommodation for boys and girls along with big mess; medical facilities, Labs, gym, swimming pool, etc.

For the economics department, the college boasts an excellent infrastructure along with a quality faculty. Some of the faculty in the college has been teaching for over 30 years. The college placement is second to none but at the same time, students of the university are known for their academic strictness and studying in best universities around the world for their higher studies. Fees: Rs. 87,719. Cut-off: 98% above.

3. Lady Shri Ram College

Lady Shree Ram College is a college for women located in South Delhi. In today’s time, it is considered one of the top-ranked institutions for Social Science, Humanities, and Commerce. This college has been ranked 1st in Arts Education, 2nd in Commerce Education, and 3rd in Mass Communication Education. It is ranked among the best college in India for more than 50 years now and boasts top faculty from around the globe. 

The course that is offered in the Department of Economics is B.A. (Hons.) Economics. LSR only offers Undergraduate Courses and not postgraduate. There are many scholarships that have been received by the students due to their excellent performance in academics. The Admission process involves an entrance examination as well as merit-based admission.

In terms of its library and classroom, it has advanced facilities. Fees: Rs. 15,370, Cut-offs: 96%-99%.

4. Presidency University, Kolkata

Formerly known as Hindu College, Presidency University is a public state university situated in Kolkata. It is considered the best college for art and science. It was declared a University in 2010 before it was affiliated to Calcutta University. The first achievement as a university for this college was a rating through NAAC. It also appeared in the top 50 list of NIRF in 2016. 

It offers admission to various undergraduate and postgraduate courses through an entrance examination conducted by West Bengal Joint Entrance Examination Board (WBJEEB). It offers B.Sc. in Economics and M.Sc. in Applied Econometrics. For the undergraduate courses the university conducts PUBDET (Presidency University Bachelor’s Degree Entrance Test) and for the postgraduate courses PUMDET (Presidency University Master’s Degree Entrance Test).

The economics dept. is an astute one, it majorly focuses on research and students joining the univ. are more inclined towards it. The university has started to acquisition back its prominence. The university placements are not that great but the research options provided for higher education are great. Also, the location of the univ. is beautiful. It is just opposite the Marina beach. Fees: Rs. 1,275 Cut-off: 90% above.

5. St. Stephens College

Established in 1881, St. Stephens College is the oldest and best college located in Delhi to study economics. It’s an A Graded college accredited by NAAC. It offers several UG and PG programs such as B.Sc, B.A, M.A, M.Sc with departments of English, Chemistry, Physics, Computer Science, Economics, History, Hindi, Political Science, Sanskrit, Philosophy, and Physical Education. 

On the basis of the results of their prior examination, the Admission process completely takes place. Through Delhi University they also offer scholarships to students. 

Students are outfitted both in terms of academics as well as the corporate sector. The culture of the institution is an intellectual one. The faculty of the economics dept. have worked at several levels with the govt. and international organizations. It comes under the banner of Delhi University. 

In the category of placement, the St. Stephen’s College might be the best among all other DU colleges. Through the advanced placement cell of the college, many students have been placed with very good packages. Every year, consulting houses, financial firms arrive to hire students and offering them lofty packages. Fees; Rs 104, 610 (Revised total fee), Cut-off: 98% above.

6. St. Xavier’s College, Kolkata

St. Xavier’s College is a private college, established by a Catholic Minority Religious body in 1860. It is affiliated to Calcutta University. The college offers undergraduate and postgraduate courses in the field of Arts, Commerce, and Science with various specializations. It also offers a Ph.D. in Commerce. 

The Admission process involves an entrance test followed by the Counselling procedure. The application for all undergraduate and postgraduate courses starts in May and goes on till June. The college offers B.Sc in economics for the students who are willing to pursue economics as their career. They do not offer any Postgraduate Degree in Economics.

7. Loyola College, Chennai

Established in 1925, Loyola College is an autonomous college for Men, affiliated to the University of Madras, by the Society of Jesus. Since it was awarded as College of Excellence for best practicing in Teaching and Research, it is one of the Top Colleges in India. 

Many famous mathematicians, economists, journalists, and a movie stars are alumni of the college. The college perpetually comes within the top 5 universities in India for studying economics. This college offers 19 Postgraduate and 19 Undergraduate courses. They offer B.A (Hons.) Economics and M.A. in Economics. Loyola College has been awarded as “The Best Men’s College on the Employability skills”. 

For hiring talented aspirants over 100 companies visit the campus. Each year this college has a record of 100% placement. The Admission process involves registering on the online website and the selected candidates are informed of the interview along with their parents. The church and library in the college is a must-see. Cut-offs: 95% above.

8. Madras Christian College, Chennai

In 1837, Madras Christian College was established and known for its academic standing. For arts and science, it is ranked among the top 10 colleges and also received an ‘A’ Grade from NAAC. It offers several courses for different streams. It offers a B.A. in Economics and M.A. in Economics. According to their requirement, many companies visit the college and recruit students. 

The Admission process is entirely based on the results of the student’s prior examination. There is no entrance exam for economics, neither for UG nor for PG.

9. Christ University, Bangalore

In 1969, Christ University was established. It is a private deemed to be a university that is recognized by UGC and accredited ‘A’ by NAAC. It became an autonomous institute in 2004 and was declared as ‘Deemed to be University’ in 2008. It has three campuses in Bangalore. Christ University has been at the forefront of both humanities and management. The faculty in the university is from around the globe and has worked together with various global universities. The department of economics of the university is diverse as they offer economics with various combinations. The Economics Hons course in the Bannerghatta Campus.

For economics Christ University offers a combined course which is as given:

• Bachelor of Arts in Political Science, Economics, Sociology
• Bachelor of Arts in Economics, History, Political Science.
• B.A. in Sociology, Psychology, Economics.
• B. Sc. in Mathematics, Economics, Statistics.

As a specialized Postgraduate Degree Christ University offers M.Phil in Economics and offers Ph.D. in Economics. For the enhancement of skills, the university conducts many placement activities for better placements. The college has a good placements history and uniformly comes under the top 5 universities for studying economics. Fees: Rs. 40,500. Cut-offs: Separate Entrance exam and Personal Interview.

10. Hindu College

Hindu College was founded in the year 1899 which is deliberated as one of the esteemed institutions in the country. It is affiliated with Delhi University. In India, Hindu college is the most Top-Ranked College for Science, Humanities, and Commerce. In various fields, it offers many undergraduate and postgraduate courses. 

The Admission process is purely based on merit. For top Best Colleges in Commerce by India Today it has been ranked 7th and 5th best in Arts. It offers B.A. (Hon.) in Economics.

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Another DU college on the list. For its cultural merging, the Hindu College has been long known. For the economics community globally the same can be said for its economics dept. which has produced great research material. Many famous personalities have emerged from this college. For boys, the college has a hostel and they also host various events; both academic and non-academic. Fees: Rs. 14,790. Cut-off: 95% above

Top Private Colleges for B.A. Economics in India

Check out the list of the top private B.A. Economics colleges in India

Top Colleges to pursue a Masters in Economics

1. Madras School of Economics

Located in Chennai, Madras School of Economics is an institute of higher education in economics. It was founded in 1995 as a private PG inst. for research and teaching of economics. It offers two-year postgraduate programs in Financial Economics, General Economics, Actuarial Economics, Applied Quantitative Finance, and Environmental Economics affiliated to the Central University of Tamil Nadu, it also offers a Ph.D. program which is affiliated from the University of Madras. The Admission procedure involves an Entrance test; CUCET (Common Universities Common Entrance Test), the results of this exam decides the further admission of the applicant.

2. Delhi School of Economics

In 1949, the Delhi School of Economics was established with Professor V.K.R.V. Rao as its founder and Pandit Jawaharlal Nehru as the President. It’s an inst. which is apt towards research and teaching in economics, also alley areas with social science as well. It consists of three departments namely Department of Geography, Department of Economics, and the Department of Sociology. It offers various courses, B.A.(Programme), B.A.(Hons.) Economics, M.Phil/Ph.D., M.A. Economics. The Admission process is purely based on merit.

3. Hyderabad School of Economics

Founded in 1974, the Hyderabad School of Economics is a part of the University of Hyderabad, which is devoted towards training and research of economics with Professor Gurbaksh Singh as its Vice-Chancellor. It offers various courses such as M.Phil., M.A, Ph.D. For all the programs there is a test which the candidate requires to qualify, for M.A Admission, there is only a written test, while in M.Phil and P.h.D., there is an oral as well as written test.

4. Indian Statistical Institute

Indian Statistical is an inst. which is concerned with teaching, research, and application of statistics, social sciences. It was founded by Professor P.S Mahalanobis in Kolkata. It was established on 17th December 1931. It offers courses namely M.S. in Quantitative Economics and Masters of Statistics. The Admission procedure is based on the results of the prior examinations or bachelor’s degree.

5. Centre of Development Studies, Kerela

Developed by the Government of Kerela the Centre of Development Studies is an autonomous research center and the Indian Council of Social Science Research. It was established on October 19, 1970. In applied economics CDS is internationally popular for its research. It is affiliated with Jawaharlal Nehru University, New Delhi. It offers M.A, M.Phil, Ph.D. in Applied Economics. The admission procedure is based on the entrance test which is followed by the interview.

6. Indira Gandhi Institute of Development Research

Indira Gandhi Institute of Development Research is a research institute funded by Reserve Bank of India for carrying out research and development activities. It was registered as an autonomous society on November 14, 1986. On December 28, it was inaugurated by Late Rajiv Gandhi. Subsequently, it was recognized as a deemed university. It offers courses such as M.Sc. Economics and M.Phil and Ph.D. in Development Studies. The admission procedure involves an online test separate for both courses and an interview.

7. School of Social Sciences, Jawaharlal Nehru University

In 1970, the School of Social Sciences was established, in the university, this school has the largest faculty. The level of M.A education is imparted in five disciplines which are History, Economics, Geography, Political Science, and Sociology.

Overall the School of Social Sciences has 12 centers. For M.A. Economics Admission Process involves an entrance test named JNUET collaborated by NTA. Candidates who willing to looking admission to the various programs must check the JNU eligibility criteria.

8. Gokhale Institue of Politics and Economics

Founded in 1930 by R.R. Kale, Gokhale Inst. of Politics and Economics is a research and training inst. of economics. It is accredited with an ‘A’ by NAAC. It offers Ph.D. and M.Sc. in various fields namely M.Sc. Economics, Financial Economics, Agribusiness Economics, International Economics. The Admission procedure involves an entrance test namely GIPE Entrance Examination which needs to be filled online.

9. Jamia Milia Islamia

Established in 1925, Jamia Milia Islamia is Public Central University. It has been accredited ‘A’ by NAAC. It has been placed at the 6th position in the NIRF 2017. Jamia Milia Islamia offers various undergraduate and postgraduate courses, along with M.Phil. and Ph.D. It offers B.A.(Hons.) and M.A. in Economics. The admission is based upon the entrance test conducted by the college.

Conclusion

These institutes are the ones generally applied for by the candidates who devoted to pursue a Masters in Economics from India.