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Career Guidance / Economics

About Us

“Economics are the method; the object is to change the heart and soul”.- ~Margaret Thatcher “Economics is a very dangerous science”. -~John Maynard Keynes The economy of India is a developing mixed economy. It is the world’s sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 141st in per capita GDP (nominal) with $1723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016. After the 1991 economic liberalization, India achieved 6-7% average GDP growth annually. In FY 2015 and 2017 India’s economy became the world’s fastest growing major economy surpassing China. Economics is mainly concerned with the manufacture, supply and consumption of merchandise and services. Economics experts study about economic information and suggest theories in the concerned field. Those who wish to become economists can do any of the courses in economics. There are numerous UG and PG programs in the respective branch of Social Science. Various universities and institutions offer different courses in economics. Aspirants should have a minimum qualification of graduation in economics to attend the masters’ course.

Career Way

B.A. (hons.) Economics
Level Under-Graduate
Duration 3 years
Eligibility 10 + 2 or Equivalent
Entrance Exam National Eligibility Test (NET), Jawaharlal Nehru University Entrance Exam, Madras School of Economics Entrance Exam
Specialization Agricultural Economics, International Economics, Business Economics
Average Course Fee INR 2.10 Lakh  (Total Fees)
Mode Regular, Distance
Goal Statistical Assistant, Economics Teacher , Curriculum Developer, Data Analyst- Energy Economics

Colleges

Adarsh College of Arts and Commerce, Thane, Maharashtra
Adarsh Mahavidyalaya, Maharashtra
Aligarh Muslim University, Aligarh
Allahabad University, Allahabad
Amity University, Noida
Annamalai University, Tamil Nadu
Awadhesh Pratap Singh University, Rewa
Bharathiar University, Coimbatore
Christ University, Bengaluru
Digboi College, Assam
Gauhati University, Guwahati, Assam
ICFAI University, West Garo Hills, Meghalaya
Indian Council of Social Science Research, New Delhi
Indian Statistical Institute, Kolkata
Indira Gandhi Institute of Development Research, Mumbai
Institute of Economic Growth, Delhi
Institute of Studies in Industrial Development, New Delhi
Jamia Millia Islamia University, New Delhi
Jiwaji University, Gwalior
Kanya Gurukul Mahavidyalaya, Dehradun
L.S.M. Government P.G. College, Pithoragarh
Lady Shri Ram College for Women, Delhi
Loyola College, ChennaiMadras Christian College, Chennai
Modern College of Arts Science and Commerce, Pune
Mount Carmel College (MCC), Bangalore
Nalanda Open University, Patna
National Council of Applied Economic Research (NCAER), New Delhi
National Institute of Rural Development, Rajendranagar, Hyderabad
Osmania University, Hyderabad
Sri Venkateswara Agricultural College, Tirupati
St. Xavier’s College, Mumbai
University of Lucknow
University of Madras, Chennai
Yashwantrao Chavan Maharashtra Open University, Nasik, Maharashtra

Key Skills

Communication Skills
Numeracy skills
Problem Solving

Career Prospectous

Statistical Assistant
Economics Teacher
Curriculum Developer
Data Analyst- Energy Economics
Business Development Executive
Investment Advisor
Economic Researcher
Quant Analyst- Financial Services
Sales Analyst
Research Scientist
Financial Risk Analyst
Forensic Accountant
Investment Analyst
Statistician
Stockbroker
Civil Service Fast Streamer
Diplomatic Service Officer
Local Government Officer
Management Consultant
Quantity Surveyor

Salary

 
In the initial stage of their career, they can expect a minimum scale of pay of about ₹10,000-12,000 / . Thereafter on gaining experience they can go on to earn even higher than 60,000 per month. It all depends on the knowledge gained and the position held.
In the initial stage of their career, they can expect a minimum scale of pay of about ₹10,000-12,000 / . Thereafter on gaining experience they can go on to earn even higher than 60,000 per month. It all depends on the knowledge gained and the position held.

Role Models

  • Manmohan Singh

    Manmohan Singh is an Indian economist and politician who served as the Prime Minister of India from 2004 to 2014. The first Sikh in office, Singh was also the first prime minister since Jawaharlal Nehru to be re-elected after completing a full five-year term. Born in Gah (now in Punjab, Pakistan), Singh's family migrated to India during its partition in 1947. After obtaining his doctorate in economics from Oxford, Singh worked for the United Nations during 1966–69. He subsequently began his bureaucratic career when Lalit Narayan Mishra hired him as an advisor in the Ministry of Commerce and Industry. Over the 70s and 80s, Singh held several key posts in the Government of India, such as Chief Economic Advisor (1972–76), Reserve Bank governor (1982–85) and Planning Commission head (1985–87).

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