The Gokhale Institute of Politics and Economics: A Centre of Excellence in Indian Economic Thought

Introduction

The Gokhale Institute of Politics and Economics (GIPE) is a premier research and teaching institution in the field of economics in India. Located in Pune, Maharashtra, GIPE was founded in 1930 by a group of eminent economists and scholars, including the renowned economist and social reformer Gopal Krishna Gokhale.

History and Development

GIPE's origins can be traced back to the establishment of the Servants of India Society in 1905 by Gokhale. The society aimed to promote public service and economic development in India. In 1930, the society established GIPE as a centre for research and advanced studies in economics. Over the years, GIPE has grown into a leading institution for economic research and teaching in India. It has played a significant role in shaping economic policy and development in the country. GIPE's faculty has included distinguished economists such as V.K.R.V. Rao, P.R. Brahmananda, and Ajit Ranade.

Research and Teaching

GIPE offers a wide range of research and teaching programmes in economics. The institute's research focuses on various areas of economics, including development economics, macroeconomics, econometrics, and public finance. GIPE also offers postgraduate programmes in economics, including a Master's degree (M.A.) and a Doctoral degree (Ph.D.).

Recognition and Impact

GIPE has received recognition and support from various national and international organisations. In 2014, the University Grants Commission (UGC) designated GIPE as a "Centre with Potential for Excellence in Particular Area (CPEPA)" in economics. GIPE's research has been published in leading academic journals and has influenced economic policy-making in India.

Conclusion

The Gokhale Institute of Politics and Economics is a renowned centre of excellence in Indian economic thought. For over nine decades, GIPE has contributed significantly to economic research and teaching in India. The institute's distinguished faculty, rigorous research programmes, and impact on economic policy-making have made it a leading institution in the field of economics in India.