PhD in Economics in India: Programs, Colleges, Fees, and Career Paths

A PhD in Economics in India offers diverse career paths in academia, research, and policy. Full-time programs typically last 3-5 years, while part-time programs take 6-8 years. Admission usually requires a Master’s degree in Economics or a related field with a minimum of 55% and passing scores on entrance exams like UGC-NET, GATE, or university-specific tests. 

The PhD in Economics curriculum develops advanced knowledge and research skills in economic theory, econometrics, and applied economics. Graduates can pursue careers in institutions, government, and private sectors, with opportunities in teaching, research, policy analysis, and consulting. PhD in Economics program fees vary by institution and study mode; part-time students often pay approximately 50% of the full-time fee. 

This article outlines PhD in Economics programs at top Indian colleges and universities, including fees, eligibility, admissions, and career options. It provides details on program duration, thesis policies, and entrance exam requirements. This guide is for prospective students and professionals aiming to advance their careers with a PhD in Economics.

PhD in Economics: Overview

A PhD in Economics in India is a research-based degree lasting 3-5 years for full-time students and 6-8 years for part-time students. Government colleges typically charge INR 20,000-50,000 annually, while private colleges charge INR 3,00,000-5,00,000. Eligibility requires a Master’s degree in economics or a related field with at least 55% marks. 

Common specialisations include econometrics, financial economics, and development economics. Verify that the college is recognised by the University Grants Commission (UGC) or the All India Council for Technical Education (AICTE).

PhD in Economics Eligibility Criteria

Eligibility for a PhD in Economics in India generally requires a Master’s degree in Economics or a related field with a minimum of 55%. Some universities also require entrance exams like UGC-NET, GATE, or university-specific exams.

PhD in Economics Admission Process: Step-by-Step Guide

The PhD in Economics admission process in India includes entrance exams, research proposal submissions, and interviews. A Master’s degree in economics or a related field with at least 55% is typically required. The process generally involves:

• Entrance exams, submission of research proposals, and interviews.
• A master’s degree in economics or a related field with at least 55% marks, or a four-year bachelor’s degree with research experience.
• Admission based on entrance exams like GATE, UGC NET, or CSIR NET, followed by a personal interview.
• Submission of a research proposal along with the application form (required by some institutions).
• The economics entrance exam syllabus typically includes research methodology, microeconomics, macroeconomics, Mathematical Economics, Public Economics, Money and Banking, Indian Economy, and international economics.
• A 5% marks relaxation is allowed for SC/ST/OBC (non-creamy layer, Delhi)/ differently abled categories.
• PhD programs should be a minimum of three years (including coursework) and a maximum of six years from admission.
• PhD admission is confirmed after successful completion of the coursework with 55% or more, as per UGC norms.

PhD in Economics Entrance Exams

Entrance exams are a key step for PhD in Economics aspirants in India, assessing knowledge, research aptitude, and analytical skills.

Top Government Colleges for PhD in Economics in India

The following government colleges in India offer PhD programs in Economics. These colleges are known for their academic standards, research, and faculty. Annual fees and NIRF rankings are subject to change. Admission typically involves entrance exams (UGC-NET, GATE, or institution-specific) followed by an interview.

Top Private Colleges for PhD in Economics in India

The following private universities in India offer reputable PhD programs in Economics, focusing on advanced research in areas like development economics, macroeconomics, econometrics, and public policy. These institutions are AICTE/UGC-approved, with strong faculty, research facilities, and industry collaborations. Annual fees range from INR 25,000 to INR 1,50,000 (approximate for 2026; may vary by full-time/part-time and include tuition only—exclude hostel/misc.). Admissions are typically through university-specific entrance exams, UGC-NET/JRF scores, or interviews. Rankings are based on NIRF 2025 (University category) where available; otherwise, noted as reputed for Economics. Always check official websites for 2026 updates, as fees and processes can change.

PhD in Economics Syllabus PDF

PhD in Economics Syllabus

PhD in Economics Subjects and Syllabus: Year-wise Breakdown

The PhD in Economics program in India typically spans 3-5 years (as per UGC guidelines) and focuses on advanced economic theories, empirical methods, and policy analysis, preparing scholars for research, academia, or policy roles. The structure includes mandatory coursework in the first 1-2 years (often 16-20 credits total), followed by comprehensive exams, research proposal defense, and dissertation work. Coursework emphasizes research methodology, micro/macro theory, econometrics, and specialized topics relevant to India’s economy (e.g., development, trade, agriculture). 

Electives allow specialization in areas like financial economics, health economics, environmental economics, or international trade. Credit hours generally range from 4-6 per course, with assessments via exams, assignments, and seminars. The program culminates in a thesis submission and viva voce. Variations exist across universities (e.g., JNU, Delhi School of Economics, IITs), but follow UGC/AICTE norms for 2026 intakes.

PhD in Economics Fee Structure: Government vs Private Colleges in India

PhD in Economics program fees in India differ significantly between government and private colleges. Government colleges generally offer more affordable options, with average annual fees ranging from INR 20,000 to 50,000, while private colleges often charge INR 3,00,000 to 5,00,000 per year.

Frequently Asked Questions (FAQs)

Q1. What is the typical duration of a PhD in Economics program in India?

The typical duration of a PhD in Economics program in India is 3-5 years for full-time and 6-8 years for part-time. The duration may vary depending on the institution and the individual’s progress. The program generally takes 3 to 5 years at the majority of Indian universities.

Q2. What are the eligibility criteria for a PhD in Economics in India?

To be eligible for a PhD in Economics in India, one must have a Master’s degree in Economics or a related field with at least 55% marks. A relaxation in marks of 5% or an equivalent relaxation of grade is allowed for those belonging to SC/ST/OBC (non-creamy layer, Delhi)/differently abled categories.

Q3. What is the average annual fee for a PhD in Economics in government colleges in India?

The average annual fee for a PhD in Economics in government colleges in India is INR 20,000-50,000. For example, the Delhi School of Economics has an annual fee of INR 23,276-23,502.

Q4. What are the core subjects covered in the first year of a PhD in Economics program in India?

In the first year of a PhD in Economics program in India, the core subjects covered include Microeconomic Theory I, Econometrics I, Macroeconomic Theory I, and Mathematical Economics. These subjects are typically covered in the first two semesters of the program.

Q5. What are the entrance exams required for admission to a PhD in Economics program in India?

The entrance exams required for admission to a PhD in Economics program in India include UGC NET, GATE, JNU Entrance Exam, IIT JAM Economics Exam, and CUET PG. The eligibility and syllabus for these exams vary, but they generally test the candidate’s knowledge of economics, research methodology, and mathematical skills.

Written by Abhijeet Chatterjee

Abhijeet Chatterjee is a professional Content and Copy specialist with over five years of experience in crafting compelling content around the Edtech domain. His portfolio includes notable work for companies such as PhysicsWallah, Roar Media, Jagran Josh, etc. Academically, Abhijeet holds a Master's in Mass Communication, where he was awarded a gold medal for his outstanding performance. He has also qualified for the UGC NET in Mass Communication, demonstrating his expertise and a deep understanding of the field. His academic foundation is built on a Bachelor's degree in English Literature. Beyond his professional work, Abhijeet is an avid writer and a cinephile. His personal interests include scriptwriting, film criticism, and reading novels.

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