Gokhale Institute of Politics & Economics: Education that Matches Life and Expedites Vocation

The institute strives to undertake research and provides education in all the fields of economics with the singular purpose of contributing its mite to enhance economic betterment and social welfare in the country

With a vision to conduct research, education, and extension on the foremost social and economic problems at national and international levels, Gokhale Institute of Politics & Economics (GIPE) is a pioneering research and training institute in all the branches of the Economics. The university is located in Pune and was established in the year 1930 by the Servants of India Society.

The primary objective of the institute is to conduct research in the socio-economic dimensions of Indian society, and impart training to researchers in this domain. The thrust areas of research at the institute are Agricultural Economics, Rural Development & Cooperation, Population Studies, Input-Output Studies for Planning & Development, Monetary Economics & Finance, Public Economics, International Economics, among others. The Ph. D. programme of the institute is highly coveted and alumni of the institute are leading academicians and experts with the government/corporate sector and international organizations.

About the Management

Dr. Rajiv Kumar serves as the Chancellor of the institute. He holds a D.Phil. in Economics from Oxford University and Ph. D from Lucknow University. He is a leading Indian economist and Vice Chairperson of NITI Aayog. He is the author of several books on India’s economy and national security. He is a widely recognized economic columnist and a leading speaker on issues in Indian political economy.

He concurrently serves as (i) Government of India nominated Independent Director on Central Board of the Reserve Bank of India; (ii) Member of the International Board of Management of King Abdullah Petroleum Studies and Research Center, Riyadh, chaired by the Saudi Arabia’s Minister of Petroleum and Energy; (iii) Director, Institute of Human Development, Delhi; (iv) Director, Giri Institute of Development Studies, Lucknow; (v) Independent Director on the Board of DHFL; and (vi) Member, Advisory Board of CISCO, India.

Professor Rajas Parchure helms the chair of Officiating Director of the institute. He is also Reserve Bank of India Professor of Finance. He has thirty years of experience in research and teaching at the postgraduate level. Prior to joining GIPE, Pune, as RBI Chair Professor in 2007, he served as Professor at National Insurance Academy, Pune, where he was instrumental in the formulation of weather insurance programme in India.

Professor Parchure has successfully upheld the legacy of GIPE, Pune by strengthening research activities and by introducing new academic programmes in specialized and emerging areas –M. Sc. (Financial Economics), M. Sc. (Agribusiness Economics)and M. Sc. (International Business Economics and Finance). He successfully leads a team of dynamic faculty at the institute in promoting teaching-learning processes, which are at par with renowned global universities. He is also credited with initiating Academic Exchange Programmes with Gottingen University, Germany and Meiji University, Japan.

Practical Courses

GIPE offers a research programme leading to the Ph. D degree in Economics, Population Studies, Agricultural Economics, and Law & Economics. The institute has a well-maintained academic campus, Staff Quarters, girls’ and boys’ hostel. It also has a library as well as computer labs for students.

The institute has successfully applied information technology in its teaching-learning process. All the classrooms of the institute are renovated and fitted with upgraded software which ensures smooth interaction of the teacher with the students and vice versa. The teachers in the institute also encourage active participation in the learning process instead of having only one-way communication from the teacher to the students. The teachers are evaluated by the students and their feedback is recorded by the institute.

The institute emphasizes qualitative collection for selecting books and journals in the library. The library is also known among the researchers in Economics and allied subjects for its quality reference and documentation/bibliographic services. The major decisions pertaining to library are taken by the library committee of the institute. Library management operations are automated and digitization of books has made huge progress.

The institute offers four post-graduate programmes, viz., M.Sc. (Economics), M.Sc. (Financial Economics), M.Sc. (Agribusiness Economics) and M.Sc. (International Business Economics & Finance).

Ph.D. Programs

The institute offers a research programme leading to the Ph.D. degree in Economics, Population Studies, Agricultural Economics, and Law & Economics.

M.Sc. Programs

  • M.Sc. Economics
  • M.Sc. (Financial Economics)
  • M.Sc. (Agribusiness Economics)
  • M.Sc. (International Business & Finance)

The two year Master’s degree in Economics is a postgraduate academic program, offering training in economic and development theory, econometrics, applied finance, policy-making and quantitative techniques, which together help to study the various critical segments of the economy, thereby making a special value addition to the students. The program stretches over four semesters. Typically, the curriculum is structured around core topics, with much optional coursework complementary to the program focus. The core modules are usually in Microeconomic Theory, Macroeconomic Theory, and Econometrics.

The two years Master’s Degree in Financial Economics course is designed to meet the increasing demand by combining solid training in economic theory with practical exposure to the field of finance through a variety of specialized options. The course is especially distinctive in the three-way link it establishes between economic theory, quantitative finance, and financial regulation. This course has been designed following extensive consultation with alumni currently employed in a variety of finance sector occupations.

Exciting Career Opportunities and Exposures

The philosophy of institute’s curriculum design and development of the teaching programmes is based on the primary tenet that the curriculum should provide a balance between the study of economic theory, tools, and techniques of data analysis, economic institutions, economic policies, and regulatory framework. Consequently, the curriculum is designed to develop among the students a strong, broad-based academic foundation in economic theory and its application. It also accounts excellent transferable skills that enhance their professional prospects for further research in economics and placements in sectors. For example, banking, finance and business analytics sectors, corporate organizations, government and non-government establishments and regulatory agencies, national and international development agencies.

Major Achievements

Over the years, the institute has earned distinction as one of the foremost research institutions in the country and has been credited with pioneering contributions by way of surveys, research, and analysis which has shaped public discourse on major socio-economic initiatives in the State of Maharashtra, as well at the national level. Some of the major research contributions of the institute are:

  • A study of the contributory factors to the reversing son preference in India (UNFPA)
  • Strengthening growth monitoring and promotion through the integrated child development services in Maharashtra (UNICEF)
  • The revival of unfinished irrigation projects in Maharashtra, PPCP model for pilot Nira-Devghar project (Maharashtra Krishna Valley Development Corporation, Govt. of Maharashtra)
  • Inspection and evaluation of beneficiaries financed/trained under schemes of national backward classes finance & development (National Backward Classes Finance & Development Corp (NBCFDC) Delhi)

A Few Major Conferences

Following are the events organized during the institute’s four years’ period:

  • Faculty development programme in Econometrics and ‘Game Theory’ from May 23, to June 8, 2017, by the Internal Quality Assurance Cell (IQAC) of GIPE, Pune
  • Seven days’ workshop on ‘Financial Econometrics and its Applications’ from 29th August to 4th September 2016 by GIPE, Pune in collaboration with The Indian Econometric Society, New Delhi.
  • National Conference – 14th Annual Conference of Indian Association for Social Sciences and Health (IASSH) Theme: health, gender, and development: Emerging issues and challenges jointly organized by Indian association for social sciences and health and GIPE, Pune during 23-25 September 2016.

Words of Trust

“The best thing about GIPE, apart from the serene and green campus, is the amount of flexibility student receives in their curriculum. This adds to an overall welcoming experience very conducive to studying”

-1st year Student M.Sc. (Economics)

“GIPE is an established and well-known institute. It gives us an amazing atmosphere best of harnessing and growing intellectually. A wide range of subjects gives us a lot of flexibility and choice”

-2nd year Student M.Sc. (Economics)

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