Undergraduate course in Economics at IIT Bombay.

For the first time, IIT Bombay is offering four year undergraduate course in economics. It would commence in coming academic year if senate approves, reports business-standard. The selection would be through IIT-JEE entrance exam and the fee would be same Rs.90,000. Thirty students would be enrolled to start with.

Prof Gaur Gopal Ray, head of the industrial design centre at IIT Bombay, said: “The course is high in demand among students as well in the industry. An IIT course would definitely have an edge.”

“We have a huge faculty in economics as we have a big humanities programme with 34 faculty members. So, faculty is not an issue for beginning the programme,” Devang V Khakkar said.

IIT Kanpur had admitted forty students to start with for its economics programme and it was a huge success.

“Economics is no longer a liberal arts subject. It has acquired the characteristics of a science and engineering discipline,” said Vimal Kumar, convenor, economics discipline, IIT-Kanpur. “If you look at the industry, they want people who can use economics well and analyse numbers. Our students of economics get as good placements as our engineering students.” Kumar adds. IIT Bombay is looking forward to such success.