Indira Gandhi Institute of Development and Research

Indira Gandhi Institute of Development Research

(Deemed to be University)​

Indira Gandhi Institute of Development Research

Academic Programmes

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About Masters Programme

The Master’s programme at IGIDR offers an interdisciplinary curriculum that combines rigorous training in economics and quantitative methods with applied perspectives on contemporary policy challenges. It enables students to critically analyze markets, institutions, development, and sustainability issues within both national and global contexts, while cultivating advanced analytical and empirical skills. Emphasizing the integration of theory with practice, the programme fosters the capacity to design and evaluate evidence-based strategies that promote efficiency, equity, and sustainable growth. Anchored in IGIDR’s tradition of policy-relevant and multidisciplinary research, it prepares graduates for meaningful careers in academia, government, research institutions and the corporate sector.

Why Master’s At IGIDR?

Choosing a master’s at IGIDR means joining a premier institution that combines rigorous academic training with a strong policy and research orientation. Students benefit from an intellectually vibrant environment, close faculty mentorship, and opportunities to engage in real-world economic and developmental issues. Graduates are highly sought after, with placements spanning academia, government, research institutions, financial institutions and the corporate sector, reflecting IGIDR’s reputation for producing skilled professionals and policy thinkers. Master’s students are placed in organizations such as Citi, American Express, IDFC First Bank, NSE, RBI, ICICI, etc

Vision of the Programme

The Master’s programme at IGIDR envisions cultivating a community of scholars and professionals equipped with strong analytical foundations, interdisciplinary perspectives, and a deep commitment to addressing contemporary economic and developmental challenges. By integrating rigorous academic training with policy-relevant research and practical engagement, the programme aspires to prepare graduates who contribute meaningfully to advancing knowledge, shaping policy, and promoting sustainable and inclusive growth at national and global levels.

Programmes offered

Masters in Economics

The two-year M.Sc (Economics) programme was launched in 2003. The objective of the programme is to provide a sound training in Microeconomics, Macroeconomics and Econometric methods. A slew of elective courses are also offered. It is possible to choose from one of the following specializations: Microeconomics, Macroeconomics, Econometrics, Development Economics, Energy & Environment. In order to be eligible for award of the degree, one is required to successfully complete 64 credits, over four semesters. The option of completing the programme requirements within 5 or a maximum of 6 semesters can also be exercised in line with the rules.  

About M.Sc. Economics

The two-year M.Sc (Economics) programme was launched in 2003. The objective of the programme is to provide a sound training in Microeconomics, Macroeconomics and Econometric methods. A slew of elective courses are also offered. It is possible to choose from one of the following specializations: Microeconomics, Macroeconomics, Econometrics, Development Economics, Energy & Environment. In order to be eligible for award of the degree, one is required to successfully complete 64 credits, over four semesters. The option of completing the programme requirements within 5 or a maximum of 6 semesters can also be exercised in line with the rules.  

Vision of the Programme

The two-year M.Sc. programme trains students in economic theory, quantitative methods, and real-world policy analysis. The curriculum is ideal for students with strong quantitative skills. It focuses on issues like poverty, inequality, climate change, health, and finance. Guided by expert faculty and backed by advanced infrastructure, students gain research experience and practical insight. Graduates are well-prepared for roles in academia, policy, and industry, contributing to inclusive and sustainable development.

Summer Internships

IGIDR students enrolled in the 2-year M.Sc. programme have, after completion of the first year of course work, interned at leading corporates, financial institutions and academic institutions. The institute has a placement week in December which facilitates summer placement. It is fairly common for students to receive pre-placement offers following successful completion of summer internship

Career Outcomes for M.Sc. Students

IGIDR alumni are working in diverse sectors and in various roles including banking, business analytics, consulting, data science, and economic research.

Category
Details
Corporate Sector Placements
i) M.Sc. students from IGIDR have secured positions in reputed corporate firms.
ii) A selected list of recruiting companies is provided in the section on past recruiters.
Academic Progression
i) Our M.Sc. students have joined prestigious international Ph.D. programs.
ii) Notable universities include Columbia, Michigan Ann Arbor, and Carnegie Mellon.

M.Sc. Economics (2-Years)

Basic Eligibility Criteria

i] The applicants to the MSc programme must have Mathematics at 10+2 level or its equivalent from NIOS or at a higher level.

ii] Applicants to M.Sc. programmes must also have the qualifying percentage of marks or its equivalent in the qualifying degrees as indicated:

i] The applicants to the MSc programme must have Mathematics at 10+2 level or its equivalent from NIOS or at a higher level.

ii] Applicants to M.Sc. programmes must also have the qualifying percentage of marks or its equivalent in the qualifying degrees as indicated:
Programme
Qualifying Degree
Qualifying Marks Across categories of students
GEN/GEN-EWS
SC/ST/PwD/ OBC-NCL
M.Sc. Economics
B.A./B.Sc. Economics
55%
50%
B.Com/B.Stat/B.Sc. (Physics/Mathematics)/BTech/BE
60%
55%

Fee Structure

M.Sc. Course Fee Following are the changes as on ………………………… These may be revised from time to time.
Tuition fee
Rs. 25,000/- per semester
Security Deposit (Refundable)
Rs.
Duration
Feature
Details
Credits Requirement
MSc degree requires completing core and elective courses adding up to 64 credits as per regulations.
Core Courses (1st and 2nd Semesters)
Microeconomics I & II, Macroeconomics I & II, Econometrics I & II, Mathematics for Economists, and Development Economics. (4 credits each)
Elective Courses (3rd and 4th Semesters)
Students must choose from various elective courses totaling 32 credits. Students can choose electives that add up to minimum 16 credits for a major field of specialization and minimum 8 credits for a minor field of specialization.

A 2-year course, extendable to 3 years on a slow track.

Requirements for award of degree

Accommodation​

All students are provided residential accommodation.
Additional charges:

  • Hostel Rent: ₹1000/month
  • Water & Electricity: As per usage
  • Food: Payable directly to caterer

Financial Assistance

Need-based financial assistance is available to Master’s students in accordance with the Institute’s guidelines. These scholarships are designed to support students who demonstrate genuine financial need and meet the eligibility criteria outlined by the academic and administrative committees. The aid aims to ensure that no deserving candidate is deprived of quality education due to economic constraints. Interested students are encouraged to apply through the official channels during the application window, along with relevant financial documentation. Final decisions are made after a thorough review of each applicant’s background and needs.

M.Sc. Economics (2-Years)

Semester

Courses
Total Credits
Semester I
Research Methodology, Research & Publication Ethics, Statistics & Econometrics, Microeconomics – I, Macroeconomics – I
18
Semester II
Statistics & Econometrics – II, Theories of Development, Qualitative Research Methods, Directed Studies
18
Semester III
Health & Development, Three elective courses of 4 credits each (From list of elective courses offered and advised by the RAC)
16
Semester IV
Three elective courses of 4 credits each (From list of elective courses offered and advised by the RAC)
12

Ph.D. In Economic

Semester

Courses
Total Credits
Semester I
Research Methodology, Mathematics I, Statistics & Econometrics – I, Microeconomics – I, Macroeconomics – I
20
Semester II
Statistics & Econometrics – II, Mathematics – II/Methods to Experimental Economics, Microeconomics – II, Macroeconomics – II
14
Semester III
Research & Publication Ethics, Four elective courses
18
Semester IV
Directed Studies, Two elective courses
12

Masters in Development Studies

About M.Sc. Development Studies

The two-year M.Sc (Economics) programme was launched in 2003. The objective of the programme is to provide a sound training in Microeconomics, Macroeconomics and Econometric methods. A slew of elective courses are also offered. It is possible to choose from one of the following specializations: Microeconomics, Macroeconomics, Econometrics, Development Economics, Energy & Environment. In order to be eligible for award of the degree, one is required to successfully complete 64 credits, over four semesters. The option of completing the programme requirements within 5 or a maximum of 6 semesters can also be exercised in line with the rules.

Vision of the Programme

The two-year M.Sc. programme trains students in economic theory, quantitative methods, and real-world policy analysis. The curriculum is ideal for students with strong quantitative skills. It focuses on issues like poverty, inequality, climate change, health, and finance. Guided by expert faculty and backed by advanced infrastructure, students gain research experience and practical insight. Graduates are well-prepared for roles in academia, policy, and industry, contributing to. inclusive and sustainable development.

Summer Internships

IGIDR students enrolled in the 2-year M.Sc. programme have, after completion of the first year of course work, interned at leading corporates, financial institutions and academic institutions. The institute has a placement week in December which facilitates summer placement. It is fairly common for students to receive pre-placement offers following successful completion of summer internship

Career Outcomes for M.Sc. Students


IGIDR alumni are working in diverse sectors and in various roles including banking, business analytics, consulting, data science, and economic research.

Category
Details
Corporate Sector Placements
i) M.Sc. students from IGIDR have secured positions in reputed corporate firms.
ii) A selected list of recruiting companies is provided in the section on past recruiters.
Academic Progression
i) Our M.Sc. students have joined prestigious international Ph.D. programs.
ii) Notable universities include Columbia, Michigan Ann Arbor, and Carnegie Mellon.

M.Sc. Development Studies (2-Years)

Basic Eligibility Criteria

i] The applicants to the MSc programme must have Mathematics at 10+2 level or its equivalent from NIOS or at a higher level.

ii] Applicants to M.Sc. programmes must also have the qualifying percentage of marks or its equivalent in the qualifying degrees as indicated:
Programme
Qualifying Degree
Qualifying Marks Across categories of students
GEN/GEN-EWS
SC/ST/PwD/ OBC-NCL
M.Sc. Economics
B.A./B.Sc. Economics
55%
50%
B.Com/B.Stat/B.Sc. (Physics/Mathematics)/BTech/BE
60%
55%

Fee Structure

M.Sc. Course Fee Following are the changes as on ………………………… These may be revised from time to time.
Tuition fee
Rs. 25,000/- per semester
Security Deposit (Refundable)
Rs.
Duration

A 2-year course, extendable to 3 years on a slow track.

Requirements for award of degree
Feature
Details
Credits Requirement
MSc degree requires completing core and elective courses adding up to 64 credits as per regulations.
Core Courses (1st and 2nd Semesters)
Microeconomics I & II, Macroeconomics I & II, Econometrics I & II, Mathematics for Economists, and Development Economics. (4 credits each)
Elective Courses (3rd and 4th Semesters)
Students must choose from various elective courses totaling 32 credits. Students can choose electives that add up to minimum 16 credits for a major field of specialization and minimum 8 credits for a minor field of specialization.

Accommodation​

All students are provided residential accommodation.
Additional charges:

  • Hostel Rent: ₹1000/month
  • Water & Electricity: As per usage
  • Food: Payable directly to caterer

Financial Assistance

Need-based financial assistance is available to Master’s students in accordance with the Institute’s guidelines. These scholarships are designed to support students who demonstrate genuine financial need and meet the eligibility criteria outlined by the academic and administrative committees. The aid aims to ensure that no deserving candidate is deprived of quality education due to economic constraints. Interested students are encouraged to apply through the official channels during the application window, along with relevant financial documentation. Final decisions are made after a thorough review of each applicant’s background and needs.

M.Sc. Development Studies (1-Year)

Semester

Courses
Total Credits
Semester I
Research Methodology, Research & Publication Ethics, Statistics & Econometrics, Microeconomics – I, Macroeconomics – I
18
Semester II
Statistics & Econometrics – II, Theories of Development, Qualitative Research Methods, Directed Studies
18
Semester III
Health & Development, Three elective courses of 4 credits each (From list of elective courses offered and advised by the RAC)
16
Semester IV
Three elective courses of 4 credits each (From list of elective courses offered and advised by the RAC)
12

Masters in Energy, Environment and Climate Change

About M.Sc. Energy, Environment and Climate Change

The two-year M.Sc (Economics) programme was launched in 2003. The objective of the programme is to provide a sound training in Microeconomics, Macroeconomics and Econometric methods. A slew of elective courses are also offered. It is possible to choose from one of the following specializations: Microeconomics, Macroeconomics, Econometrics, Development Economics, Energy & Environment. In order to be eligible for award of the degree, one is required to successfully complete 64 credits, over four semesters. The option of completing the programme requirements within 5 or a maximum of 6 semesters can also be exercised in line with the rules.

Vision of the Programme

The two-year M.Sc. programme trains students in economic theory, quantitative methods, and real-world policy analysis. The curriculum is ideal for students with strong quantitative skills. It focuses on issues like poverty, inequality, climate change, health, and finance. Guided by expert faculty and backed by advanced infrastructure, students gain research experience and practical insight. Graduates are well-prepared for roles in academia, policy, and industry, contributing to inclusive and sustainable development

Summer Internships

IGIDR students enrolled in the 2-year M.Sc. programme have, after completion of the first year of course work, interned at leading corporates, financial institutions and academic institutions. The institute has a placement week in December which facilitates summer placement. It is fairly common for students to receive pre-placement offers following successful completion of summer internship.

Career Outcomes for M.Sc. Students


IGIDR alumni are working in diverse sectors and in various roles including banking, business analytics, consulting, data science, and economic research.

Category
Details
Corporate Sector Placements
i) M.Sc. students from IGIDR have secured positions in reputed corporate firms.
ii) A selected list of recruiting companies is provided in the section on past recruiters.
Academic Progression
i) Our M.Sc. students have joined prestigious international Ph.D. programs.
ii) Notable universities include Columbia, Michigan Ann Arbor, and Carnegie Mellon.

Resources

Programme Handbook

Download

Programme Handbook

Download

Watch what our professors say about the IGIDR M.Sc. experience.

About M.Sc.​​

The two-year M.Sc (Economics) programme was launched in 2003. The objective of the programme is to provide a sound training in Microeconomics, Macroeconomics and Econometric methods. A slew of elective courses are also offered. It is possible to choose from one of the following specializations: Development Economics, Econometrics, Energy & Environment, Macroeconomics and Microeconomics. In order to be eligible for award of the degree, one is required to successfully complete, over the course of four semesters, 16 courses or 15 courses and write the Masters thesis. The option of completing the programme requirements within 5 or a maximum of 6 semesters can also be exercised in line with the rules. In line with the UGC regulation an exit option is available at the end of the second and third semesters.

Fields of Specialization

Microeconomics, Institutions and Trade

Macroeconomics, Finance and Growth

Micro Econometric Theory and Applications economics I & II

Microeconomics Energy and Environment & Development

Microeconomics, Institutions and Trade

Summer Internships

IGIDR students enrolled in the M.Sc. programme have, after completion of the first year of course work, interned at leading corporates, financial institutions and academic institutions. The institute has a placement week in December which facilitates summer placement. It is fairly common for students to receive pre-placement offers following successful completion of summer internship.

Vision of the Programme

The two-year M.Sc. programme trains students in economic theory, quantitative methods, and real-world policy analysis. With options to complete 16 courses or 15 plus a Master’s thesis, the curriculum is ideal for students with strong quantitative skills. It focuses on issues like poverty, inequality, climate change, health, and finance. Guided by expert faculty and backed by advanced infrastructure, students gain research experience and practical insight. Graduates are well-prepared for roles in academia, policy, and industry, contributing to inclusive and sustainable development.

Basic Eligibility Criteria

Applicants must meet the following criteria to be eligible for the M.Sc. programme
Eligible Criteria
Minimum Requirement
B.A./B.Sc. (Economics), B.Com.
Second Division + Math at 10+2
B.Stat., B.Sc. (Physics/Math), B.Tech./B.E.
First Division + Math at 10+2

Career Outcomes for M.Sc. Students


IGIDR alumni are working in diverse sectors and in various roles including banking, business analytics, consulting, data science, and economic research.

Category
Details
Corporate Sector Placements
i) M.Sc. students from IGIDR have secured positions in reputed corporate firms.
ii) A selected list of recruiting companies is provided in the section on past recruiters.
Credits Requirement
i) Our M.Sc. students have joined prestigious international Ph.D. programs.
ii) Notable universities include Columbia, Michigan Ann Arbor, and Carnegie Mellon.

Basic Eligibility Criteria

  • i] The applicants to the MSc programme must have Mathematics at 10+2 level or its equivalent from NIOS or at a higher level.
  • ii] Applicants to M.Sc. programmes must also have the qualifying percentage of marks or its equivalent in the qualifying degrees as indicated:

Programme

Qualifying Degree

Qualifying Marks Across categories of students

GEN/GEN-EWS

SC/ST/PwD/ OBC-NCL

M.Sc. Economics

B.A./B.Sc. Economics

B.Com/B.Stat/B.Sc. (Physics/Mathematics)/BTech/BE

55%

50%

60%

55%

Admission in the MSc programme will be treated as provisional and subject to meeting the eligibility requirements as applicable. The final official mark sheets of qualifying degree, as relevant, must be submitted to IGIDR at the time of admission or by 15 September 2025 in the event of delay in declaration of the undergraduate results.

M.Sc. Course Fee Structure & Duration

Ph.D. in Development Studies

Semester

Courses
Total Credits
Semester I
Research Methodology, Research & Publication Ethics, Statistics & Econometrics, Microeconomics – I, Macroeconomics – I
18
Semester II
Statistics & Econometrics – II, Theories of Development, Qualitative Research Methods, Directed Studies
18
Semester III
Health & Development, Three elective courses of 4 credits each (From list of elective courses offered and advised by the RAC)
16
Semester IV
Three elective courses of 4 credits each (From list of elective courses offered and advised by the RAC)
12
Menu

Ph.D. In Economic

Semester

Courses
Total Credits
Semester I
Research Methodology, Mathematics I, Statistics & Econometrics – I, Microeconomics – I, Macroeconomics – I
20
Semester II
Statistics & Econometrics – II, Mathematics – II/Methods to Experimental Economics, Microeconomics – II, Macroeconomics – II
14
Semester III
Research & Publication Ethics, Four elective courses
18
Semester IV
Directed Studies, Two elective courses
12
Menu

Ph.D. in Energy, Environment & Climate Change

Semester

Courses
Total Credits
Semester I
Research Methodology, Research & Publication Ethics, Statistics & Econometrics – I, Microeconomics – I, Macroeconomics – I
18
Semester II
Statistics & Econometrics – II, Introduction to Energy Studies, Introduction to Environmental Studies, Directed Studies
18
Semester III
Four elective courses of 4 credits each (From list of elective courses offered and advised by the RAC)
16
Semester IV
Three elective courses of 4 credits each (From list of elective courses offered and advised by the RAC)
12
Menu

Fee Structure

Eligible Criteria
Minimum Requirement
Tuition fee
25,000/- per semester
Hostel fee
Rs. 1,000/- per month
Water & Electricity Charges
As per actuals
Note
Tuition fee may be revised from time to time.

Duration

Feature
Details
Programme Duration
A 2-year semester course, extendable to 3 years on a slow track.
Credits Requirement
MSc degree requires completing core and elective 4-credit courses as per regulations.
Core Courses
Microeconomics I & II, Macroeconomics I & II, Econometrics I & II, Mathematics for Economists, and Development Economics.
Elective Courses
Students must choose from various elective courses in later semesters.

Reservation Policy

As per Government of India rules:

Vertical Reservation:

ST : 7.5%

SC : 15%

OBC-NCL : 27%

GEN-EWS : 10%

Horizontal Reservation:

5% for Persons with Disabilities (PwD) within each category

Accommodation​

All students are provided residential accommodation.
Additional charges:

  • Hostel Rent: ₹1000/month
  • Water & Electricity: As per usage
  • Food: Payable directly to caterer

Financial Assistance

Need-based financial assistance is available to Master’s students in accordance with the Institute’s guidelines. These scholarships are designed to support students who demonstrate genuine financial need and meet the eligibility criteria outlined by the academic and administrative committees. The aid aims to ensure that no deserving candidate is deprived of quality education due to economic constraints. Interested students are encouraged to apply through the official channels during the application window, along with relevant financial documentation. Final decisions are made after a thorough review of each applicant’s background and needs.

Resources

Programme Handbook

Download

Programme Handbook

Download

Watch what our professors say about the IGIDR M.Sc. experience.