The Institute of Economic Growth (IEG) is an autonomous, multidisciplinary Centre for advanced research and training. Widely recognized as a Centre of excellence, it is one of India 's leading academic institutions in the fields of economic and social development. Established in 1958, its faculty of about 30 social scientists (economists, demographers and sociologists) and a large body of supporting research staff focus on emerging and often cutting-edge areas of social and policy concern. Many past and current faculty members are internationally renowned and award-winning scholars.
IEG's research falls into nine broad themes: Agriculture and rural development, environment and resource economics; globalization and trade; industry, labour and welfare; macro-economic policy and modeling; population and development; health policy; and social change and social structure. In addition, the Institute organizes regular training programmes for the trainee officers of the Indian Economic Service and occasional courses for officers of the Indian Statistical Service, NABARD, and university teachers. The Institute's faculty members also supervise doctoral students from India and abroad, provide regular policy inputs, and engage with government, civil society and international organisations. Over the years IEG has hosted many renowned international scholars, including Nobel Laureates Elinor Ostrom and Amartya Sen, and others such as Ronald Dore, Yujiro Hayami, Jan Breman and Nicolas Stern.
Founded in 1958 by the eminent economist V.K.R.V. Rao, IEG's faculty, Board of Directors and Trustees have included a wide range of distinguished intellectuals and policy makers, including V.T. Krishnamachari, C.D. Deshmukh, P.N. Dhar, A.M. Khusro, Dharm Narain, C. Rangarajan, C.H. Hanumantha Rao, Nitin Desai, T.N. Madan, P.C. Joshi and Bimal Jalan. Several former faculty members have served as members of the Planning Commission or on the Prime Minister's Panel of Economic Advisors. Former Prime Minister Manmohan Singh has had a long association with the Institute, initially as Chairman of the Board (1972-1982) and since 1992 as President of the IEG Society. Mr. Tarun Das is the Chairman and Prof. Manoj Panda is the Director of the Institute.
The Institute’s research profile reflected national concerns, and themes such as agricultural and rural development, industry, trade, finance, monetary economics, population, urbanization, macroeconomics, and social change received prime attention. Since the 1980s, and especially since the 1990s, however, there have been notable changes in the country’s economic strategy. While India still remains a mixed economy, with a focus on both State and market, the introduction of economic reforms has shifted the balance from largely State-led growth to a growing emphasis on the private sector and an open economy. Liberalisation and globalisation have affected not only the economy, but also the society and polity. Existing development paradigms are being challenged by new concerns such as environmental degradation and gender inequality. These call for new theoretical and methodological innovativeness.
.png)
