how to do phd in economics in india

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Ph.D in Economics Course, Fees, Admission, Eligibility, Syllabus, Scope

PhD in Economics is a three- to five-year doctoral programme in economics. Candidates must have completed a postgraduate course in Economics or hold a bachelor's degree in Economics from a recognised university to be eligible for the course. The average salary of an Economist in India is Rs. 16.1 LPA.

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PhD Economics Course Details

Eligibility criteria for ph.d economics, admission process for ph.d economics, top ph.d economics entrance exams, cutoff for top colleges, syllabus of ph.d economics, ph.d in economics fees, scope for a phd economics, career options after phd in economics, salary after ph.d in economics, list of top ph.d economics colleges in india with fees, top private ph.d economics colleges in india with fees, top government ph.d. economics colleges in india with fees.

Economics is primarily concerned with combining cutting-edge economic principles with thorough data analysis in order to solve issues. Some of the popular degrees in Economics before doing a Phd are BA, BE, B.Sc. in Economics, MA, M.com and M.Sc. Some of the popular career options are Professor, Economist, Statistician, and Equity Research Analyst.

The top colleges offering Ph.D Economics courses are IBS Hyderabad, BITS Goa, and IIFT Kolkata. Students aspiring to pursue Ph.D Economics courses must clear the relevant entrance examinations, such as UGC NET, and CSIR UGC NET, depending on their college and specialisation.

Most educational institutions have similar eligibility requirements for a Ph.D. in Economics students who have completed their Master’s degree in Economics are eligible to pursue Ph.D in Economics.Applicants will be evaluated on statistics and maths in the first part. The second half will assess candidates' knowledge of microeconomics, macroeconomics, and econometrics.

• Students must hold a master's degree in Economics (MA Economics) from a recognised institution.
• A master's degree with a minimum of 50 percent marks is required.
• Candidates must pass a written exam and a personal interview, as well as meet the institute's basic standards.

Admission requirements for the PhD in Economics vary by institution. Depending on their admission exam and master's degree results, students are admitted to various colleges. Some universities will accept students based on their entrance exam results while some institutes conduct personal interviews or other tests to screen the applicants.

• Applicants can apply for PhD in Economics admission directly at the university by going there, filling out the admission form, presenting the required documents, and submitting the application form.
• Candidates can also apply by browsing the college's website, filling out the online PhD in Economics degree application, and uploading all required credentials.
• They can also directly apply for exams such as UGC NET or CSIR UGC NET depending on their specialisation and meet the cutoff score.
• Once clearing the exam choosing their institutes students are advised to pay the course fees and submit the required documents as per the requirement of the institute.

UGC NET: University Grants Commission National Eligibility Test popularly known as UGC NET is a national-level entrance examination for many courses related to lectureship and doctorate. The examination is conducted by the National Testing Agency (NTA) twice a year. The exam is conducted in various languages and is conducted in online mode.

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CSIR NET : CSIR UGC Test for JRF and Eligibility for Lectureship or CSIR UGC NET is a national-level entrance examination administered by National Testing Agency (NTA) for admission to various courses in the Lectureship such as Life Sciences, Chemical Sciences, and Mathematical Sciences, the exam is conducted in Online mode in English and Hindi languages.

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• CSIR UGC NET Syllabus

A cut-off for a PhD in Economics is a set of criteria used to assess a candidate's eligibility or entrance exam scores. The cutoff for a Ph.D in Economics differs by college and is determined by the number of students who clear the entrance examination, difficulty level of the entrance examination and status and prestige of the institute.

Skills Required for Ph.D Economics

Candidates need certain skills in order to fully benefit from the course, candidates wishing to apply for the Ph.D Economics course need both practical as well as theoretical knowledge to be successful in their academics and future careers in the field of Economics. Listed below are the skills required to pursue Ph.D Economics course:

• Good Communication Skills
• Critical Thinking
• Decision-Making skills
• Interest and Aptitude for Economics

The syllabus of Ph.D Economics include subjects such as Research work in Economics, Database research for Economics, Quantitative Methods and Computer Applications. In the table below we have mentioned the syllabus of Banaras Hindu University for their Ph.D in Economics syllabus.

The fee details of the Ph.D in Economics course can be found on the official website of the institute or students can visit the college personally to get all the necessary details about the course. Fee depends on the type of institute, its location and the course chosen by the institute. Generally the fee for a Ph.D Economics course ranges from Rs. 36,000 to Rs. 1.84 Lakhs.

The Ph.D. in Economics programme is designed to enable students not only to get a basic understanding of domain-specific concepts but also to strengthen their overall interpersonal and teaching abilities. Because of the global economy, Ph.D. in Economics is in increasing demand in India for both academic and employment prospects, and the demand for a well-trained economist is also constantly rising.

Many Indian businesses hire economists with a PhD degree. Academic qualities and abilities determine the work and positions of PhD in Economics graduates. They are hired by various companies and universities for the jobs and profiles listed below. We have listed some of the well-known career options after PhD in Economics degree.

Professor: A professor teaches individuals in a certain field of study at a university or college level. In most cases, a professor is an expert in the topic that he teaches at the university level. Professors who are knowledgeable and experienced in their fields are qualified to conduct research and publish articles in their fields.

Economist : An economist examines resource growth, investment, and distribution in order to bring what they've learned into practice and impact current social dynamics. In today's context, economists must research, analyse, forecast, and assess business and revenue patterns in every industry.

Statistician : Individuals who have studied business and have chosen a career that requires data analysis and analytical skills are known as statisticians. To collect data, statisticians design surveys, trials, and opinion polls. They're in charge of overseeing how many and what kind of groups or samples will be employed in the research or poll.

Equity Research Analyst : In the financial sector, equity research analysts operate for both buy and sell-side firms. They generate industry and stock research reports, estimates, and suggestions. To keep their research up to date, equity research analysts analyse market data and news reports as well as consult with individuals in the firms and industries they research daily.

Top Recruiters:

• Ernst & Young

Benefits of Studying Ph.D in Economics

Students will have the opportunity to focus on the research areas that they are most passionate about. After completing a Ph.D in Economics, students can get a job as a professor in India. Students will get a better insight into how the social environment operates, which will assist them to evaluate problems and solutions.

Students after completing Ph.D in Economics course can apply for various career options, the salary for these courses depends on the location of the company, its status, job profile opted by the candidates, and the skills and experiences of the candidates. The salary after a Ph.D in Economics is mentioned below.

Source: AmbitionBox

Many private and government institutes offer Ph.D in Economics courses in India, the admission to these institutes is based either on entrance examination or direct admission based on merit score. Mentioned below are the top 10 Ph.D Economics colleges in India along with their respective fees.

Ph.D in Economics courses are offered by many private institutes in India, students are advised to check the admission process of these colleges carefully and follow the eligibility criteria. Mentioned below are the top private Ph.D Economics colleges in India with Fees.

Government institutes are slightly cheaper as compared to a private institutes and also offer quality education. Students can check the course and fee details on the official website of the college. In the table below, we have mentioned the top government colleges offering Ph.D. Economics degree programmes along with their respective fees.

Ph.D Economics course teaches the students advanced skills and knowledge in the field of Economics. Economics is a very diverse and broad field including many areas of research. Students pursuing Ph.D in Economics courses learn about various topics which will help them in their careers as academicians or working professionals.

Frequently Asked Questions (FAQs)

PhD in Economics is among the most attractive degree programs: if you perform well, you'll have a good chance of securing a high-level research position in academia or government sectors. Academic economics, in particular, is among the best methods to perform and strengthen international economic research.

A PhD is challenging in any discipline, not just economics since it is a research training exercise.

PhD in Economics course prices range from Rs. 36,000 to Rs. 1.84 Lakhs on average, depending on the type of college.

For a PhD in Economics, students must complete a master’s degree in Economics from a recognised university.

The PhD in Economics is a three to five-year-long programme.

Communication skills, Critical thinking, Organising skills, Leadership, Decision-making skills, Patience, Attention to detail, Numerical ability, Active learning are some of the skills required for a PhD in Economics.

Some of the top colleges which offer Ph.D. in Economics degrees are IBS Hyderabad, BITS Goa, JD Patil Sangludkar Mahavidyalaya, Daryapur, SGRR P.G College, Saraswathi Narayanan College, Madurai, Jagat Taran Girls Degree College, Allahabad, Government Arts College Kota, School of Postgraduate Studies Tamil Nadu Agricultural University, Coimbatore.

There are various career options after a PhD in Economics degree. Some of the careers are Professor, Economist, Statistician, Equity Research Analyst.

Deloitte, Google, Boeing, TCS, Cognizant, Ernst & Young, Delhi University, Jamia Millia Islamia University, Jadavpur University, Kolkata, Banaras Hindu University, Varanasi, Jawaharlal Nehru University, Axis Bank, Accenture, Intel, Qualcomm are some of the leading organisations that hire PhD in Economics graduates.

Students who have completed an MA, MSc, MCom, or BTech degree can apply for a PhD programme.

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Questions related to Ph.D

Student wishes to get admission in Ph. D. course must have a post-graduate degree in Cyber Security alwith at least 55% marks from a recognized university and must have passed the national level entrance examination or university level entrance examination.

Some of the best colleges offering phd in cybersecurity are the following

• Indian Institute of Science, Bangalore
• Amity University, Noida
• Indian Institute of Technology (IIT) Delhi
• Indian Institute of Technology (IIT) Kanpur
• National Institute of Technology (NIT), Tiruchirappalli
• Vellore Institute of Technology (VIT), Vellore
• Delhi Technological University (DTU), Delhi

Hope this information will help you

Cyber security PhD programs delve deep into the theoretical aspects of cyber security. They cover topics like network security, cryptography, digital forensics and more. These prepare students for careers in research, academia or high level cyber security roles.

To find a suitable program, consider factors like reasearch interests, program structure, faculty expertise and available resources. Some well regarded institutions offering Cybersecurity PhD programs include Carnegie Mellon University, University of California, Barkley and Stanford University.

No, you can't take admission to both m.pharma and p.hd at the same time after doing b.pharma. you can pursue either of them after graduation. You can do pharma D course after b.pharma . To know about m.pharma admission,you can check M.pharmacy course .

To know about admission to pharma D,you can refer to Pharma D details

Yes, you can apply for a PhD in Computer Science-related fields after completing your MCA. Many institutions, including top universities like IITs and IIITs, accept candidates with an MCA degree, provided you meet the required eligibility criteria, such as a good academic record (CGPA) and, in some cases, a valid GATE score. Some institutes also offer direct PhD admissions for candidates with MCA. Specific eligibility and application details can be found on university websites like IIIT-Delhi or IIT Hyderabad.

For more details you can visit the link given below

https://www.careers360.com/university/jawaharlal-nehru-centre-for-advanced-scientific-research-bangalore

Hello Poornima,

Yes, you can apply for a PhD in Computer Science-related fields, depending on the admission cycles and eligibility criteria of universities. Many universities and research institutes open PhD admissions twice a year, typically in the January and July sessions. However, some institutions accept applications throughout the year based on the availability of research supervisors.

• Check Eligibility: A Master's degree (like M.Tech, MCA, or MSc) with a minimum required percentage is usually needed. Some programs also consider candidates with exceptional research proposals or relevant experience.
• Entrance Exams: Institutes may require a valid score in exams like UGC NET, GATE, or their own entrance tests.
• Application: Look for open applications on the websites of universities, IITs, NITs, or specialized research centers.

Keep an eye on announcements for rolling admissions or upcoming sessions. Ensure you meet the deadlines and requirements of the institution you're applying to. For more details Click Here

I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.

Thank you and wishing you all the best for your bright future.

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Home  >  Articles  >  PhD in Economics: Courses, Syllabus, Top Colleges, Scope & Salary 2023

PhD in Economics: Courses, Syllabus, Top Colleges, Scope & Salary 2023

Imtikokba Jamir

Updated on 18th August, 2023 , 8 min read

The  full form  of PhD in Economics is Doctor of Philosophy in Economics. It is a  3–6 year doctoral  course. A PhD in Economics typically focuses on developing expertise in economic theory, quantitative methods, research skills, and the ability to contribute original knowledge to the field through a doctoral dissertation.

The admission into this course is done after students clear an entrance exam, followed by a group discussion and personal interview. PhD in Economics entrance exam includes GATE, UGC NET, GRE, and JCECE.

The eligibility  into  PhD in Economics i s that a student must have earned at least 55% on their master's in economics or a related field from a recognized university. 

PhD in Economics  fees is INR 80,000 – 6 Lakhs. Some of the top PhD in Economics colleges are Banaras Hindu University , University of Delhi , Aligarh Muslim University and Amity University among others. 

PhD in Economics  syllabus  includes topics on Agricultural Economics, Financial Economics, International Economics, and more.

PhD in Economics jobs include University Professor, Research Economist, Policy Analyst, Economic Consultant, Financial Economist, International Economist, Environmental Economist and Development Economist. PhD in Economics salary   ranges from INR 8 – 20 LPA. 

Some of the top recruiters for this course are Google, Microsoft, TATA, Infosys, Wipro, IBM, Amazon , Apple etc. 

PhD in Economics: Course Highlights 

Why pursue phd in economics.

Pursuing a PhD in Economics can be a rewarding and intellectual pursuit for many reasons:

• Economics Competence: By earning a PhD in Economics, one can become proficient and knowledgeable in economic theory, quantitative methods, and empirical analysis. 
• Knowledge Contribution : PhD in Economics candidates can contribute new perspectives and information to the field of economics as each dissertation is on a new topic. 
• Research-Oriented Careers:  A PhD is frequently required for positions in academia as university professors or researchers. It enables people to instruct and guide the upcoming generation of economists, as well as open doors to important organizations.

Why Should pursue PhD in Economics?

PhD in Economics is the perfect course for people who are passionate about economics and research.  However, it might be a good fit for the following potential candidates:

• Dedicated to Economics:  People are more likely to succeed in a Ph.D. program if they truly love economics, its theory, and its practical applications. 
• People Who Are Research-Oriented:  This field is best suited for those who take pleasure in studying, developing theories, and investigating economic issues through quantitative approaches.
• Long-Term Commitment:  Earning a Ph.D. in Economics requires endurance and dedication over the course of several years. Candidates should be ready to put in the time and overcome the difficulties associated with conducting original research and writing a dissertation.

PhD in Economics: Course Duration

A PhD in Economics is a prestigious and advanced academic program that offers in-depth exploration and expertise in various aspects of economics, business, and related fields. This program is designed for individuals who aspire to make significant contributions to the field through original research, critical analysis, and scholarly inquiry. The course duration for a PhD in Economics in India typically ranges from 3 to 6 years, during which students engage in a comprehensive journey of learning, discovery, and intellectual growth.

PhD in Economics : Fees

PhD in Economics in India normally costs anywhere between   INR 80,000 – 6 Lakhs . Depending on the university, college, and region, different  PhD in Economics programs may have different costs. Given below is an overview of the fees for this course. 

• Government Colleges/Universities: In comparison to private colleges, the cost of a PhD in Economics at government institutions is significantly lower. The annual fees for students in the general category might be anywhere from INR 50,000 – 2.5 Lakhs per year. 
• Private Colleges/Universities: The fee in a private institution is generally higher and can also vary depending on the college's standing and location. The costs typically range from INR 80,000 - 40 Lakhs or more.

Note: Students in the reserved categories (SC/ST/OBC/EWS) may pay less in tuition or be eligible for fee exemptions or grants in both government and private institutions.

PhD in Economics : Top Colleges 

Given below is a list of the top colleges that offer  PhD in Economics in India along with their fees:

PhD in Economics: Admission Process

It is highly recommended that aspirants score well in their postgraduate examinations and prepare well for the entrance exam. Given below is an overview of the admission process for PhD in Economics:  

• An aspirant should score more than 50-55% marks in their postgraduate examinations  to be applicable for PhD in Commerce. 
• Apply to the desired college through their official website or by physically visiting the institution and filling out the application form.
• Make sure to check the eligibility criteria and have all the required documents (10th and 12th Certificates, Undergraduate degree, Aadhar Card, Photographs, etc.) in hand.  
• Once the form is complete, the candidate will be asked to pay a minimal amount of application fee. 
• The University may conduct  NET, DET, MAT, DAT CSIR-UGC NET, UGC NET,  or any state/national level entrance exam that the candidate must clear.
• It is advised to check the website regularly for updates on the admit card, entrance exam, and entrance exam syllabus. 
• Admit cards will be issued to all the eligible students which will have important information such as the date of the examination, examination center, and timings. 
• The college/university will then publish lists according to their cutoff and seat availability. 
• Some Universities may conduct a Group Discussion followed by a Personal Interview to filter potential students. 
• If selected, a candidate should pay the course fee as soon as possible and attend the orientation/counseling organized by the college for further information.

PhD in Economics: Eligibility

• Candidates must have completed a postgraduate degree in Economics or a related degree from a recognized university listed under the UGC/AIU with a minimum aggregate of 55 percent and above.
• It is advantageous to the program if you have 4 years of relevant professional experience in either teaching or administration.
• Group Discussions and Personal Interviews will also be held at some reputable institutions and universities.

PhD in Economics: Entrance Exams

• IIM Ph.D. test  
• JCECE (Jharkhand Combined Entrance Competitive Exam)  

PhD in Economics: Entrance Exams Syllabus

PhD in Economics entrance exam syllabus may vary slightly depending on the college or university. However, here are some common topics that are usually included in the syllabus:

PhD in Economics: Subjects

A PhD in Economics program typically offers a range of subjects and areas of specialization that can vary based on the university, faculty expertise, and research. Here are some common subjects and areas of specialization that one might find in a PhD in Economics program:

PhD in Economics: Syllabus

PhD in Economics syllabus will vary from college to college; however, given below is an overview of the topics in each semester and year:

PhD in Economics: Recommended Books 

Given below are the names of some recognised books along with their authors in the field of Economics that a candidate must read to gain further knowledge in the course: 

PhD in Economics: Jobs 

A PhD in Economics opens a wide range of job opportunities in business and related fields. Given below is an overview of some of the key job roles that PhD in Economics graduates can explore:

PhD in Economics: Salary

PhD in Economics salary   ranges from INR 8 – 20 LPA.  This can vary widely based on factors such as job role, years of experience, geographical location, company size, and industry sector. Below is a general salary overview for some key job roles in holding a PhD in Economics: 

PhD in Economics: Top Recruiters

• Reserve Bank of India (RBI)
• Indian Council for Research on International Economic Relations (ICRIER)
• Ministry of Finance
• Ernst & Young
• Google 
• Infosys 

PhD in Economics: Scope 

A PhD in Economics offers a wide range of opportunities across academia, research, government, international organizations, and various industries. With expertise in economic theory, data analysis, and policy evaluation, PhD economists play a crucial role in shaping economic policies, influencing business strategies, and addressing societal challenges on local and global scales.

A PhD in Economics also provides a strong foundation for further education and advanced research. Graduates can pursue postdoctoral positions to delve deeper into specific research areas, collaborate with renowned economists, and publish groundbreaking research papers. Additionally, a PhD serves as a stepping stone for those interested in interdisciplinary studies, allowing them to explore fields such as public policy, social sciences, environmental economics, and more. 

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Frequently Asked Questions

What is a ph.d. in economics.

The highest academic degree available in economics is a Ph.D., which emphasizes advanced study and specialized understanding in economic theory, policy analysis, and empirical research.

How long does it take to complete a Ph.D. in Economics?

A Ph.D. in Economics normally takes between three and five years to complete, depending on the university and the student's progress.

What are the eligibility criteria for a Ph.D. in Economics?

Candidates often require a master's degree in economics or a closely related discipline, as well as a strong academic record. Additionally, exceptional applicants with a bachelor's degree might be accepted by some colleges.

What entrance exams are required for Ph.D. in Economics admissions?

Common entrance exams include the UGC NET in Economics, GATE (Economics), JNU Entrance Exam, and the ISI Admission Test.

What is the scope of a Ph.D. in Economics?

A Ph.D. in Economics can lead to employment in academia, research facilities, economic consulting firms, governmental organizations, and international organizations, among other professional pathways.

Can international students apply for Ph.D. in Economics programs in India?

Yes, a lot of Indian institutes accept applications from students from other countries. They might also need you to take tests like the TOEFL or IELTS to prove your English competence.

What is the average stipend or financial support for Ph.D. students in Economics?

Universities offer different financial assistance and stipends. To help Ph.D. students in their studies, several schools provide research assistantships, scholarships, or teaching assistantships.

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PhD in Economics

The department offers a PhD program in seven academic disciplines (Economics, Literature, Linguistics, Philosophy, Policy, Psychology, and Sociology). The PhD program consists of both full time and part-time students.

Who can apply?

Eligibility: M.A./M.Sc (2 years)/M.Com/M.B.A/M.Phil or B.Tech/BE/B.Sc Engg. (4 years) or M.Tech/ME/MS Research (2-3 years)/M.D/ D.M./M.S/M.DS

Minimum qualifications: 60% marks or 6.00 CGPA on a 10-point scale and qualified GATE/ CSIR/ UGC-NET or JRF/ICAR/ICMR/ DST - INSPIRE Fellowship (check the prospectus of the current admission cycle for details about the exemptions and clarifications.)

Application process: Eligible candidates can apply for the programme at PG Admission Portal .

PhD under UQ-IITD Academy of Research (UQIDAR)

The University of Queensland (UQ), a top 50 global university, and the Indian Institute of Technology Delhi (IITD), an Institute of Eminence, have joined forces to create a joint PhD program that will allow scholars to deliver global impact.

All successful UQIDAR PhD applicants will be offered a scholarship to enable students to focus on their research.

Read more: https://uqidar.org/

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PhD In Economics Explained: Eligibility, Fees, Admission 2024

Muhammad Hasim Sheikh Aug 29, 2024 1.1K Reads

PhD (Doctor of Philosophy) in Economics is a terminal degree in the field of economics. PhD in Economics is considered the highest qualification and the individuals who have completed this degree are awarded a doctorate.

PhD in Economics is a doctoral degree and individuals pursuing it get advanced research and analysis in this field.  Individuals who are eager to conduct original research in economic theory, policy, or applied economics can pursue this degree. 

PhD in Economics can be pursued after completing a master's degree in Economics. However, some universities allow students to pursue a PhD degree in Economics with any master’s degree. PhD in Economics is highly beneficial for careers in academia and various sectors of diverse industry.

PhD in Economics emphasizes on research and PhD candidates are expected to produce a well-researched dissertation. The dissertation must include all the research and findings during the PhD that can contribute to the field of knowledge. 

Duration of PhD in Economics 

The duration of the PhD program depends upon the type of PhD. Generally, the duration of a Full-Time PhD in Economics ranges from 3 Years to 5 Years which can be further extended to 7 Years.

The duration of a Part-Time PhD in Economics ranges from 4 Years to 7 Years:

However, working professionals looking for a doctorate that can accommodate their professional obligations and academic learning can enroll for an Online DBA (Doctorate of Business Administration). The duration of an Online DBA is just 3 Years and business executives can pursue it without quitting their jobs. 

PhD in Economics Program Highlights 

Here are the major highlights of a PhD program in Economics. The table below demonstrates the full details regarding PhD in Economics and gives a brief idea about PhD in Economics full form,  PhD in Economics duration, PhD in Economics eligibility requirements, entrance exams for PhD in Economics, best universities and colleges for PhD in Economics, etc.

Why Pursue PhD in Economics?

Before enrolling in a PhD program in Economics, the benefits and the reasons for pursuing this program must be discussed. Individuals who wish to pursue this program must have a great interest in the field of economics.

PhD IN Economics offers a great opportunity to individuals who are willing to conduct original research in the field of Economics. PhD candidates have a significant research opportunity in economic theory, policy, or applied economics. 

Candidates enrolled in the PhD program in Economics get a highly research-oriented curriculum that begins with comprehensive coursework. The coursework provides a strong foundation in the field of economics with courses in macroeconomics, microeconomics, and econometrics.

This is highly beneficial for conducting in-depth research on the selected research topic. The coursework is followed by extensive research work and dissertation writing. With the original research work in the Economics domain, an individual can contribute in the field of economics with an original research work.

This opens doors to a wide range of career opportunities in numerous industries in the field. PhD graduates in economics can also make a great career in academia. 

PhD in Economics Eligibility Criteria

Universities and Institutes offering PhD programs in Economics have a set of eligibility requirements for admissions. Candidates aspiring to pursue PhD in Economics must fulfill this requirement to get admission to this program. Candidates who are interested in pursuing PhD in Economics must have completed their master's in Economics. Although, there are universities that allow students from any background to pursue this program.

Here are the eligibility criteria for PhD in Economics:

• Master’s degree in Economics from a recognized and approved University. 
• Master's degree in any discipline from a recognized and approved University. (This depends on the particular university and all universities do not allow it).
• Scored at least 60% marks in aggregate at the master’s level.
• Qualified for national-level entrance tests such as UGC NET, and GATE. 
• Candidates in their final year of master’s degree can also apply.

Entrance Tests for PhD in Economics 

Admissions to the PhD program in Economics is entertained based on various entrance tests conducted throughout the country. Apart from this, universities also conduct entrance tests for students who have not qualified for any national or state-level entrance tests for admission in PhD program in Economics.

Here are some of the most popular and well-known entrance tests for admission to PhD programs:

• UGC-NET: This is a national-level entrance exam conducted throughout India twice a year. The exam is conducted by the University Grants Commission (UGC) through the National Testing Agency (NTA). Generally, exams for UGC NET are conducted in June and December every year.
• GATE: GATE  is also a national-level exam that is conducted for admission to PhD in Economics in top and premier institutes in India. Generally, the GATE exams are conducted in February every year. 
• IIM PhD: Indian Institute of Management also conducts entrance tests for the candidates who are interested in PhD in Economics. Candidates aspiring to pursue their PhD in Economics from IIM can take this test. 
• University-Specific Tests: Apart from the above-mentioned entrance tests, universities offering PhD in Economics also conduct entrance tests for admission to this program. Students who could not qualify for the entrance tests can attend university-specific entrance tests for admission in PhD in Economics.

Admission Process for PhD in Economics 

The admission process for PhD in Economics is almost similar in all the universities across India. However, universities have full liberty in deciding the admission process for a PhD. PhD aspirants in economics can secure their admission by following these steps:

Application Submission:

• Step 1: Select the appropriate university that offers PhD in Economics.
• Step 2: Go through the eligibility requirements and check whether you fulfill those eligibility requirements. 
• Step 3: Visit the official website of the university and select the admission section. 
• Step 4: Register yourself and fill out the application form for PhD in Economics. 
• Step 6: Attach the documents required by the university. 
• Step 5:  Review the application form and pay the application fees. 

Written Test:

After submitting the application form, the university issues admit cards for written entrance tests. Applicants who have filled out the application form are required to appear for the entrance exam. Most universities provide exemptions in the entrance exams to students who have qualified in any national level PhD entrance exam such as UGC NET. 

Personal Interview and Research Proposal:

Candidates who qualify for the written entrance test and those who were exempted from the written entrance test will be called for a personal interview.

Candidates will have to prepare a detailed research proposal and appear before the Departmental Research Committee (DRC)  for an interview. They need to defend their research proposal in the interview. A merit list will be prepared once all the candidates are done with the interview.

Admission Offer :

Candidates will get admission offer as per their rank in the merit list. Candidates receiving the admission offer can accept it by paying the admission fees:

PhD in Economics: Syllabus and Course Details

Ugc- net syllabus for economics .

Here is the latest and most updated syllabus for UGC-NET in Economics:

PhD in Economics Fellowships In India 

Students enrolled in PhD in Economics get financial assistance through numerous fellowships and Scholarships to continue their research uninterrupted. To get these fellowships, PhD students may be required to qualify for certain examinations.

Fellowship significantly removes the financial constraints in the research process and helps to produce high-quality research. Here are some of the top PhD in Economics fellowships and scholarships in India:

Best Universities  for PhD in Economics 

PhD in Economics is offered by some of the top and highly accredited universities and institutes in India. These universities provide cutting-edge research opportunities to conduct high-quality research in the field of economics.

These universities provide highly experienced faculty who have significant experience in research supervision in the field of Economics. PhD in Economics is offered by both private and public universities in India. 

Best Public Universities in India for PhD in Economics

Here is the list of some of the best public universities that offer PhD in Economics:

However, PhD students willing to pursue their doctoral degree from a globally renowned international university with much flexibility and accessibility can join Online DBA (Doctorate of Business Administration). This program is highly flexible and provides advanced research aptitude and expertise in business management and administration.

Best Private Universities in India for PhD in Economics

Here is the list of some of the top private universities in India for PhD in Economics:

Fields of Research in PhD Economics 

PhD in Economics incorporates a wide range of research fields. Here is the list of different fields of research in PhD Economics:

• Agricultural Economics
• Financial Economics
• Labour Economics
• Industrial Economics
• International Economics
• Business Economics
• Banking Economics
• Environmental Economics
• Developmental Economics
• Rural Economics and Rural Development
• Econometrics

Career Opportunities for PhD in Economics 

PhD in Economics is highly beneficial for rewarding career opportunities in academia and a wide range of industries. Here are some of the top career opportunities available upon completion of PhD in Economics:

FAQs (Frequently Asked Questions)

⭐ is phd in economics worth it.

Yes, PhD in Economics is an excellent choice for the advanced and in-depth knowledge and expertise with a wide range of rewarding careers in the field of economics. The program is offered by some of the renowned universities in India under the supervision of highly experienced faculty. 

⭐ What is the duration of PhD in Economics?

The duration of PhD in Economics depends upon the type of PhD program. The duration of a Full-Time PhD program ranges from 3 Years to 5 Years. The duration of Part-Time PhD in Economics ranges from 4 years to 7 Years. However, business executive can complete their doctoral degree in just 3 years by enrolling in Online DBA.

⭐ Can I get admission in PhD in Economics without qualifying for UGC-NET?

Yes, you can get admission in PhD in Economics without qualifying for UGC-NET. You can appear for the entrance test conducted by the universities and qualify to get admission to PhD in Economics. However, to get admission to premier institutes such as the Indian Institute of Mangement (IIM), a UGC NET qualification is mandatory.

⭐ Do I have to leave my job to pursue PhD in Economics?

If you enroll in a Full-Time PhD in Economics, then you are required to leave your job. However, you can continue your job with a doctoral degree by enrolling in Online DBA.

⭐ What are the career opportunities after PhD in Economics?

Post Completion of PhD in Economics, you can make a highly rewarding career as a Lecturer, Banker, Economist, Geographer, Econometricians, etc.

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Ph.D Economics

PhD Economics is a doctorate course that deals with the study of applied microeconomics, economic theory, game theory, energy economics, labor economics, and theoretical and applied econometrics. The PhD in Economics duration is 3-5 years. A Doctorate degree in Economics in India prepares students to pursue a variety of rewarding careers including Auditor, Stock Broker, Media Analyst, Actuarial, Lecturer or Professor, Banker, Economists, Geographer, Econometricians, Public Relations Officer.

Ph.D Economics Course Details

About phd economics course.

PhD Economics full form is Doctor of Philosophy in Economics. PhD in Economics course durations 3-5 years long. According to Wikipedia, “The study of Economics is the study of how people interact with value, particularly the production, distribution, and consumption of goods and services. Economic theory is the study of economic behavior and interactions, as well as the functioning of economies.”

The specialization falls under the umbrella of  Ph.D.  Students taking PhD Economics courses learn about micro and macroeconomics, international trade, international finance, corporate finance, development and growth theory, economic issues and policy, consumer demand theory, theory of production and cost, problems in data collection, and financial derivatives. Information about PhD in Economics course is available on the official websites of universities and colleges that offer the courses.

In addition to an entrance exam, the curriculum in the PhD in Economics program is semester-based with an annual exam. In the PhD program in Economics, students learn both the theory and the practical aspects of consumer demand theory and the theory of production and cost.

Table of Contents:

• PhD Economics Eligibility Criteria
• PhD Economics Admission Process
• Popular PhD Economics Entrance Exams
• Top PhD Economics Colleges
• Why choose the PhD Economics?
• PhD Economics Fees Structure
• PhD Economics Syllabus and Subjects
• Preparation Tips for PhD Economics
• PhD Economics Salary
• PhD Economics Career Options
• Skills to Excel

Eligibility Criteria for PhD Economics Course 

For admission into the course, students must meet the PhD in Economics eligibility requirements set by the university/college offering the course in order to be admitted to the course. There is no age limit for those interested in a PhD in Economics course. Students applying to the PhD Economics program are required to take an entrance exam, and some colleges also administer tests. Additionally, students must pass an entrance exam at the college level or at the national level in order to apply for the course.

How to Get Admission in a PhD Economics Course? 

PhD Economics admission requirements vary among colleges and universities. To earn a Doctorate degree in Economics, students must meet the PhD Economics eligibility requirements. Admissions can be applied for online or offline. Students who study at universities that offer a PhD Economics degree can earn this degree. Generally, the admission process includes the following components:

How to Apply for a PhD Economics Course?

Students can find more information about the PhD Economics course on the college’s website, as well as how to apply. The college’s website provides online applications for PhD Economics courses. Students are encouraged to regularly check the websites of universities and colleges since their admission process differs from each other. Students may also submit their applications online or in person. Students who wish to apply offline must complete a brochure, an application form, and a visit to campus. Online application forms must be completed, including the attachment of scanned documents. The course fee must be paid after the online application has been submitted.

Selection Process 

A candidate’s final grade determines whether or not they are admitted. Students can apply to colleges only if they are eligible and meet the minimum cutoff score. Students who have been selected to join the PhD Economics program can learn more about their program online at their university or college website. Students receive their final results via email or the college website.

Popular Entrance Exams for PhD Economics 

The PhD Economics degree is offered by a few colleges and universities, depending on their admission requirements. PhD Economics courses are offered by top universities and colleges in India that require entrance exams. By studying the test pattern, students can also succeed at the doctoral program entrance examination. Exams at the state, national, or college level are required for enrollment in the PhD Economics course. Various universities and colleges may have different cutoff marks. Here are some of the most popular PhD Economics entrance exams: 

A Quick Glance at the PhD Economics Entrance Exams 

Exam pattern and syllabus for PhD Economics should be familiarized before students take the entrance exam. The entrance exams will be easier to pass for students. The format of an entrance exam is usually as follows: 

• There are 50 questions on paper I and 100 questions on paper II.
• Multiple Choice Questions [MCQs] are the type of questions.
• Examinants have 3 hours to complete the test.
• English and Hindi is the language of the question paper.
• The questions will be divided into two papers.
• In the paper, I include common general knowledge questions for all students.
• Paper II includes specific subject-based questions.
• Paper I carries a total of 100 points and Paper II has a total mark of 200.
• Correct answers will be rewarded +2 marks.
• There is no negative marking for incorrect answers.

Top 10 PhD Economics Course Colleges in India 

PhD in Economics duration in India is 3-5 years. PhD Economics colleges all over the country offer these courses. In the PhD Economics course, students learn both the practical aspects of consumer demand theory and the theory of production and cost. PhD Economics colleges in India prepare students for success in their fields. The following are the top colleges for PhD in Economics in India: 

Fee Structure for PhD Economics 

PhD Economics duration and fees differ from other Economics courses available to Indian students. The Doctor of Philosophy in Economics is in high demand compared to other fields. PhD Economics fees in India are quite high when compared to overseas courses. Fees for PhD Economics colleges in India that offer this course are as follows:

Syllabus and Subjects for PhD Economics Course 

PhD Economics full form is Doctor of Philosophy in Economics. PhD Economics duration is three to five years. The PhD Economics syllabus is divided into semesters with a yearly exam. 

Students can choose between core and elective subjects that include advanced economic theory, data collection and organization, probability distribution and testing of hypotheses, econometric methods, topics in mathematical economics, advanced econometrics, advanced microeconomic theory, and advanced macroeconomics theory. Students in PhD Economics courses will learn techniques that will help them in the economic industry. The following topics will be covered in the course:

• Advanced Economic Theory
• International Trade and Finance
• Economics of Planning
• Public Finance
• Theory of Economic Growth and Technical Progress

Read More On  PhD Economics Syllabus & Subjects

Why Choose the PhD Economics Course? 

Before choosing a PhD Economics program, many students wonder about the details of the program. A common question students have when choosing a career is, “What is the PhD course?” and “Why choose the PhD Economics course?.” We have summarized the following three pointers to answer this question:

What PhD Economics Course is All About?

PhD Economics full form is Doctor of Philosophy in Economics. The duration of PhD in Economics is between three to five years. The PhD Economics course type is designed for students seeking a deeper understanding of economics through classroom study and practical application. PhD Economics course details are intended for individuals who wish to enter the world of economics, aspire to be self-employed, and wish to contribute to the socioeconomic of India. 

A PhD in Economics prepares students for careers in coaching centers, economics consultancies, economics departments, home tuitions, museums, private tuitions, publishing houses, research and development agencies, and schools.

What Does a PhD Economics Graduate Do? 

Graduate students in PhD Economics are able to choose between a variety of jobs in the public and private sectors. Students studying PhD Economics can use the knowledge they gain from their education to perform better at their jobs. Some of the fields where graduates can pursue their careers are accounting, banking and finance, insurance investment, marketing, management, manufacturing, advertising, communication, and actuarial.

Auditor : An auditor is an official who ensures that financial records are accurate and that companies are in compliance with the laws regarding taxation. Accounting and auditing jobs can have a high salary since their main purpose is to protect businesses from fraud and detect discrepancies in accounting practices.

Reasons Why PhD Economics Course Can Fetch You a Rewarding Career? 

PhD graduates in Economics in India advance in an array of careers in coaching centers, economics consultancies, economics departments, home tuitions, museums, private tuitions, publishing houses, research and development agencies, and schools. Academic institutions and economic consultancies are eager to hire PhD with Economics degrees. Graduates of PhD Economics programs are employed in both the public and private sectors. Some of the fields where graduates can pursue their careers are accounting, banking and finance, insurance investment.

Career Scope and Options: Graduates of the PhD Economics program will likely work in research and development, specializing in rapidly evolving fields of economics and finance. As technology advances, a broader range of skills becomes more valuable. Additionally, students can work at Bank of India, Bharat Forge, Bharat Petroleum Corporation Limited, BSNL, Cognizant, Ericsson India, Flipkart, Future Group.

Read More On  PhD Economics Jobs 

Preparation Tips for PhD Economics Course 

Students interested in pursuing a PhD Economics course should prepare well. For students interested in pursuing a PhD in Economics, here are some tips: 

Planning a Study Course: Students can use a study course plan to help them balance their study and their lives. 

Exam Paper Pattern and Syllabus Knowledge : Having knowledge of the exam patterns and syllabus is essential for students to do well in the exams. 

Engage Fellow Students : Help them reduce their stress during the exam period by exchanging knowledge with other students.

Interact with Professors: Professor interactions are a great way to gain insight into course topics. 

Practice makes Perfect : To acquire a deeper understanding of programming and development, students must practice a great deal. 

Journals : The course involves a lot of research-based studies so students can subscribe to weekly journals to keep informed.

PhD Economics Courses salary in India

Graduates of PhD Economics can expect to earn INR 3-10 LPA (Source: PayScale). In addition to their skills and experience, students of PhD Economics' starting salary is paid according to their progress. Because of technology, PhD in Economics are in greater demand. Comparatively, Economics is a relatively high-paying field.

Read More On PhD Economics Salary

Career Options After PhD Economics Course 

Students who complete the PhD program in Economics can pursue a variety of careers. PhD students in Economics gain practical and theoretical skills that can be applied to their careers. PhD Economics graduates are able to find employment in top economics consultancies after obtaining a PhD degree.

The PhD in Economics provides them with additional qualifications that enhance their employability. Graduates of the PhD program in Economics can work as Auditor, Stock Broker, Media Analyst, Actuarial, Lecturer or Professor, Banker, Economists, Geographer, Econometricians, Public Relations Officer, and many more. Doctoral degree holders in Economics may pursue the following careers: 

• Political Scientists
• Financial Consultant
• Senior Research Scientist
• Assistant Professor
• Head of the Educational Department
• Senior Economist
• Senior Market Analyst
• Director of Research and Development

Skills That Make You The Best PhD Economics Graduate 

Graduates of PhD in Economics courses should be capable of being passionate and logical. Good Communication skills that align with the student's interests can also influence their career. In order to advance in their careers, students must develop certain skills without taking an interest in learning. It is crucial for economics students to analyze the economics and finance new approaches. Students who graduate from the doctoral program in economics should have the following skills: 

• Dedicated Skills
• Studious Skills
• Reasonable Skills
• Avid Reader Skills
• Enthusiastic Skills
• Assertive Skills
• Decisive Skills
• Strong Minded Skills
• Passionate Skills
• Interested Skills
• Logical Skills
• Good Communication Skills
• Eager Skills
• Confident Skills
• Strong-Willed Skills
• Determined Skills

FAQs on Ph.D Economics

Q: What is the duration of the PhD Economics Course?

A: -The course duration isn’t fixed and varies based upon the curriculum that the university is following. Generally, this course can be done in 3-5 years of time.

Q: What is the difficulty level of PhD Economics course?

A: -Since Ph.D. is the highest and most prestigious degree, the difficulty level of this course is known to be harder than the postgraduate course. This degree tests the research knowledge of the candidates and their thesis efficiency in making an impact on the economical structure of a selective group.

Q: What are the current job scopes for graduates of Ph.D. Economics?

A: -Graduates are entitled to receive several jobs offers from private economic analysis companies and business analytics and development conglomerates in a higher role and also from several data analytics and print media companies as senior analysts or data science engineers role. They’re also hired in central government and state financial and commercial operations in a senior role with gradually increasing payscale.

Q: What is the average salary offered for a graduate of this course?

A: -The average salary offered for a graduate of this course depends upon his/her job role and the company he/she is hired in. On average, the graduates of this course are entitled to receive an average salary of INR 3 LPA -10 LPA.

Q: What are the minimum requirements for Ph.D. Economics?

A: -The graduates are expected to have a minimum of 50% in their post-graduate studies in economic science background. Along with that, their post-graduate projects will be evaluated along with their entrance exam scores, for further admission process.

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Economic Sciences

Indian Institute of Technology Kanpur

Admission to the Ph.D. program in the Department of Economic Sciences takes place in the beginning of an academic year. The minimum qualification to appear in the admission exam includes at least 55% marks (or a CPI of 5.5 on a 10-point scale) in the Master's degree in Economics or any allied field (e.g. Mathematics, Statistics). In addition, the candidate should clear a national level test (UGC-JRF/NET/GATE) in the last five years. Note it is also required that the candidate should have Mathematics as a subject in undergraduate degree. Detailed eligibility criteria are available here  .

Students who fulfill the above mentioned criteria are shortlisted for admission test. Final selection is based on a candidate’s cumulative performance in the written examination and an interview conducted following the admission test (timing: May every year year). If a candidate misses out on the regular application deadline, we have provision of walk-in admission test, provided the candidate is excellent as judged by the department. Such a walk-in is typically conducted in the first week of July. PhD registration is scheduled in the last week of July. The syllabus for the admission test and sample test papers can be downloaded from the links given below.

For PhD students the corresponding financial support amounts to Rs.31,000/- for the first two years, and thereafter, it is raised to Rs.35,000/- for another three years. All students are provided hostel accommodation, computing and health facilities.

The advantages of doing a Ph.D. in the Department of Economic Sciences at IITK are manifold. (1) The students receive financial support for attending and presenting their research in two national and one international conference. (2) Online access to major economics journals including JSTOR & Science Direct as well as access to ASI, NSS, CMIE & many other databases are provided to all students. (3) There is financial support for Ph.D. research related fieldwork. (4) Students get to use the Economics core lab equipped with 50 terminals loaded with statistical softwares. (5) There is a monetary reward of Rs 10,000 for a student who publishes his/her research paper in a reputed journal. (6) Students while working with the faculty supervisors may get a chance to be part of an exciting collaboration with international researchers.

Important Information for Applicants

• List of Shortlisted Candidates for PhD New
• The online application portal can be found here: https://www.iitk.ac.in/doaa/pgadmission/apply-online2024-25I.php
• The last date to apply has passed. The list of shortlisted candidates will be posted soon.
• The written test and interview of shortlisted applicants will tentatively be held on May 27-28, 2024.

Please visit this page regularly for updates.

Last Updated on Thursday, 13 April, 2023

Last Updated on Wednesday, 01 May, 2024