• History
  • Vision & Mission
  • About
  • GIPE Chanceller
  • Officiating Director

Gokhale Institute of Politics and Economics, Pune, established in 1930 by the Servants of India Society, is the oldest research and training institute in Economics in the country. It is dedicated to research into the socio-economic dimensions of the Indian society, and carries forward the legacy of Gopal Krishna Gokhale who founded the Servants of India Society in 1905 with a view to promote education and develop capabilities among Indians for the governance of the nation after it had attained its political independence. The Institute is registered under the Societies Registration Act, 1860, and the Bombay Public Trusts Act, 1950. Over the decades, the Institute has established strong credentials in empirical and analytical research. In recognition of its contribution to higher learning and research in Economics, the Institute was awarded the status of institution Deemed to be University, in 1993.


“To conduct research, education and extension on the foremost social and economic problems at national and international levels with the aim of providing viable solutions for decision makers for the betterment of human life”.


“The Gokhale Institute of Politics and Economics will strive to undertake research and provide education in all fields of economics with the singular purpose of contributing its might to enhance economic betterment and social welfare”.

Pioneering Research in Economics

The primary objective of the Institute is to conduct research in the socio-economic dimensions of the 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.

A Legacy of Contributions to Socio-Economic Policy-making

Gokhale Institute of Politics and Economics is renowned for its initiatives in qualitative research in diverse areas of economic theory and practice. The Institute is credited with pioneering contributions by way of surveys, research, informed debate, analysis and critique which have shaped public discourse on major socio-economic initiatives and in formulating economic plans at the regional level in the State of Maharashtra, as well at the national level.

Some of the major Research contributions of the Institute include:

  • First cooperative sugar factory in India at Pravaranagar and subsequent support to the cooperative sector.
  •  Development of methodology for rural data collection, still in use by NSSO.
  •  Development of methodology for national income estimation in rural India, still in use by CSO.
  • Development of methodology for social cost-benefit analysis of large scale irrigation projects.
  •  Design of the institutional framework for NABARD.
  • Formulation of the Employment Guarantee Scheme in Maharashtra.
  •  Formulation of National Agricultural Insurance Scheme.
  •  Design of weather-based Insurance products.
  •   Design of Actuarial Rating of National Agricultural Insurance Scheme.
  • Design of inflation-indexed bonds for Reserve Bank of India.
  •  Formulae for pricing of electricity based on biomass and bagasse.
  • Evaluation of Comprehensive District Agricultural Plans for various districts in Maharashtra.
  • Study of Impact of NREGA on Wage Rates, Cost of Production, Food Security and Rural Urban Migration, etc.

Dr. Rajiv Kumar

Dr. Rajiv Kumar is a  leading  Indian economist and the Vice Chairperson of NITI Aayog by the government of India. He is the author of several books on India’s economy and national security. His latest books are Modi & His Challenges (2016), Resurgent India: Ideas and Priorities (2015) and Exploding Aspirations: Unlocking India’s Future (2014). He is a widely recognized economic columnist and a leading speaker on issues in Indian political economy.

He is also the Founding Director of Pahle India Foundation (PIF), Delhi, a non-profit think tank focuses on facilitating economic policy change based on objective and rigorous research.

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.

In the past he served as the Government of India nominee on the Boards of: (i) Economic Research Institute for ASEAN and Asia (ERIA) Jakarta; (ii) Central Board of the State Bank of India, Mumbai; (iii) Indian Institute of Foreign Trade, Delhi; (iv) Part Time Member,  National Security Advisory Board (2006-2008); (v) Part Time Member Economics, TRAI, New Delhi (2007-2010).

His earlier positions have been:

  • Senior Fellow, Centre of Policy Research, Delhi (2013- January 2017)
  • Secretary General,  Federation of Indian Chambers of Commerce and Industry (FICCI, 2010-2012)
  • Director & Chief Executive,  Indian Council for Research on International Economic Relations (ICRIER, 2006-2010)
  • Chief Economist,  Confederation of India Industries (CII, 2004-2006)
  • Principal Economist, Asian Development Bank, Manila (1995 to 2005)
  • Economic Advisor, Department of Economic Affairs, Ministry of Finance,       Government of India, (1992 to 1995);
  • Senior Consultant, Bureau of Costs and Prices, Ministry of Industry Government of India (1989-1991)
  • Professor, Indian Institute of Foreign Trade, Delhi (1987-89)
  • Senior Research Program Officer,  ICRIER. Delhi, (1982 to 1987).

He has a D.Phil. in Economics from Oxford University (1982) and a Ph.D. from Lucknow University (1978).

Dr. Rajiv Kumar holds a D.Phil. in Economics from Oxford University and Ph. D from Lucknow University. His latest book, Many Futures of India, published in April 2011, is a compilation of his columns in some of India’s leading dailies. He is a leading columnist in leading business dailies and his views on matters relating to the economy are widely sought.

Prof. Rajas Parchure

Prof. Rajas Parchure is Reserve Bank of India Professor of Finance and Officiating Director of Gokhale Institute of Politics and Economics, Pune. He has 33 years of experience in research and teaching at the post graduate level. Prior to joining Gokhale Institute of Politics & Economics, 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.

As Officiating Director Prof.Parchure has successfully upheld the legacy of Gokhale Institute of Politics & Economics, 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 processeswhich are at par with renowned global universities. He is also credited with initiating Academic Exchange Programmes with Gottingen University, Germany and Meiji University Japan.   

Prof. Parchure has published six books, five monographs and fifty research articles on various fields of Economics such as capital markets, actuarial science, etc. His book on “The Theory of International Values” published by Wiley is widely referred.  His area of research spans are Financial Economics, Managerial Economics, Linear Economics, Corporate Finance and Investments, Input-Output Analysis and Actuarial Methods in General and Life Insurance. Currently, Prof. Parchure is the chairman of the Sub-Group of Risk Management in Agriculture, XIIth Five Year Plan (2012-2017) and Member Executive Committee, Input-Output Research Association of India. He was the SEBI nominee, Board of Directors of Pune Stock Exchange, Pune.  Prof. Parchure is currently heading a team of researchers undertaking evaluation of various District Planning Programmes in Maharashtra, NABARD project on farmers’ distress in Maharashtra, among others.

Prof. Parchurehas undertaken consultancy assignments on “Pricing of Electricity Produced from Bagasse by Qualifying Sugar Factories”and “Assessment of Biogas Availability for Biomass Power Generation in Maharashtra”for MERC (Maharashtra Electricity Regulatory Commission).

Prof. Parchure regularly deliver lectures at various research and teaching institutes in India and abroad including various IIMs in India, Manchester Business School, University of Gottingen, Germany, Meiji University Japan.  He has designed, conducted and lectured in training programmes for business executives and senior government officers institutions such asYashwantraoChavan Academy of Development Administration (YASHADA), Puneand National Institute of Bank Management (NIBM), Pune, Maharashtra Industrial and Technical Consultants (MITCON), Central Institute of Road Transport (CIRT), UTI Institute of Capital Markets, Vaikuntha Mehta National Institute of Co-operative Management (VAMNICOM), Pune.

Thirty candidates have completed doctoral degree under the able guidance of Prof. Parchure.  He is one of the recognized Ph.D. supervisors under SavitribaiPhulePune University.

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