Economics is a critical subject for anyone looking to understand how the world works. It provides insight into how people make decisions about what to buy, sell, or produce. As such, studying Economics can give you a better understanding of the world around you and how it functions. Studying economics is a great way to prepare for a career in business or finance. If you’re interested in studying economics, India has some great colleges that you can attend.
In this blog post, we’ll list the 10 best colleges for studying economics in India in 2022, so that you can decide which one is right for you.
Why Should You Study Economics in India?
There are many reasons why you should study economics in India. India is a rapidly growing economy with a large population. This provides a unique opportunity to learn about economic development and policymaking in a real-world setting. Additionally, studying economics in India will give you a better understanding of the country’s culture and society.
10 Best Colleges for Studying Economics in India
Economics is the study of how people use resources to produce goods and services and how these activities impact the development of societies. Economics is a social science that provides insights into systems of exchange, economic growth, and public policy. Many colleges offer various economics courses at both the undergraduate and graduate levels. But before enrolling yourself in an Economics course, you must understand what is BA Economics all about and its career options & colleges.
As an Economics student in India, you will have the opportunity to learn about the different economic systems in place around the world and how they impact the lives of people living within those systems. Here is the list of 10 Best Colleges for Studying Economics in India.
1. Indian Institute of Technology (IIT) Madras
It was established in the year 1959 and is one of the most prestigious colleges for Economics in India. The college offers a 4-year B.Tech program in Economics with an annual fee of INR 2,80,000.
2. Delhi School of Economics, University of Delhi
It was established in the year 1949 and is a renowned college for Economics in India. The college offers a 2-year MA program in Economics with an annual fee of INR 1,10,000.
3. IIT Bombay
The department of Economics at IIT Bombay was established in August 1955. It offers a four-year Bachelor of Arts (Hons) degree in Economics, a two-year Master of Arts (MA) degree in Economics and a Doctor of Philosophy (Ph.D.) program in Economics. The department also offers an integrated five-year MA program in Economics. The fee is Rs 2 lakh per annum and the course tenure is 4 years
4. Christ University, Bengaluru
It was established in the year 1969 and is one of the most popular Economics colleges in India. The university offers a 3-year BA program in Economics with an annual fee of INR 1,10,000.
5. Institute for Social and Economic Change (ISEC), Bengaluru
It was established in 1972 with a focus on Economics, Sociology, Population Studies, Political Science, Anthropology and History. ISEC offers a three-year MA Economics program, with fees of Rs 1 lakh per annum and course tenure is 3 years.
6. Symbiosis International University, Pune
It was established in the year 1971 and is a leading university for Economics in India. The university offers a 2-year MA program in Economics with an annual fee of INR 1,50,000.
7. Xavier Labour Relations Institute (XLRI), Jamshedpur
XLRI offers Economics as a specialization under its management program. Economics students here are also required to take up courses in accounting and quantitative methods. Fee is Rs 4 lakhs per annum and course tenure is 2 years.
8. Department of Economics, University of Mumbai
The Department of Economics at the University of Mumbai was established in 1958. It offers a three-year MA Economics program, as well as a two-year MSc Economics program. Fees of Rs 5 lakhs per annum and course tenure is 2 years.
9. Mysore University, Mysore
Mysore University is one of the oldest and largest universities in India. It was established in 1916 and offers a two-year MA Economics program, as well as a three-year MSc Economics program, with fees of Rs 30,000 per annum and a course tenure is 2 years.
10. Shri Ram College of Commerce (SRCC), Delhi
Shri Ram College of Commerce is one of the most prestigious commerce colleges in India. It was established in 1926 and offers a three-year BCom Economics program, as well as a two-year MCom Economics program. The fee is Rs 1 lakh per annum and the course tenure is 2 years.
Economics is a vital subject for those who wish to pursue a career in business or commerce and has a lot of scope in India. It is also beneficial for students who wish to understand how businesses and economies function.
Mistakes to Avoid While Studying Economics in India
Nowadays, Economics has become one of the most sought-after subjects in India. The demand for economics graduates has been on the rise in recent years with many leading organizations recruiting them for various positions. Economics in India is a very vast subject to study and you must make sure that Economics is the right subject for you before moving forward hence, rethink choosing Economics as your career option.
Here are some things to remember when choosing the right college for your Economics degree:
- Make sure that you choose a college with a good academic reputation. Economics is a very challenging field, so you’ll want to make sure you’re getting the best education possible.
- Make sure the college has a good Economics department. This is where you’ll be spending most of your time, so you want to make sure it’s a place you’re comfortable with and that offers the courses you’re interested in.
- Look into the internship and job opportunities available through the college. Economics is a competitive field, so you’ll want to make sure you have a good chance of getting a job after graduation.
- Talk to current students and recent graduates to get their take on the college. Economics is a demanding field, so you’ll want to make sure the college you choose is one that will support you during your studies.
These are a few things that you should keep in mind while choosing the right college for Economics. With the right college, you’ll be on your way to success in this field.
Studying Economics in India has a lot of scopes. Mindler provides career counselling for students from class 8th to higher education and guides them towards their perfect career paths, and helps them understand their interests. Take our Career Counselling Online to launch your career.