• History
  • Vision & Mission
  • About
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  • Vice Chancellor

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, the chief policy think tank of 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 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.

Dr. Ajit Ranade

Dr. Ranade is a noted economist. He received his Ph.D. in Economics from Brown University, US. Prior to that, he did Post Graduate Diploma in Management (PGDM) from Indian Institute of Management Ahmedabad, after completing B. Tech. in Electrical Engineering at the prestigious Indian Institute of Technology, Bombay. Dr. Ranade has been a former member of the Board of Management at GIPE. Before joining GIPE as the Vice Chancellor, he was the Group Executive President and Chief Economist with the Aditya Birla Group, a $50 billion diversified multinational conglomerate

Dr. Ranade’s 32 year career has spanned both academic and corporate assignments. He has taught in universities in India as well as U. S. A. He has also served as member of several committees of the Reserve Bank of India, and as member of apex committees of national industry chambers such as CII and FICCI. He was appointed as member of the Economic Task Force for post-Covid recovery by the Chief Minister of Maharashtra.

Dr. Ranade has many publications in reputed journals and is one of the authors of the recent award winning book Rising to the China Challenge. He is also a regular columnist in leading financial newspapers and has numerous columns on different subject areas.