Institute of Economic Growth
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Institute of Economic Growth

The Institute of Economic Growth (IEG) is an autonomous, multidisciplinary Centre for advanced research and training. Established in 1958, its faculty of about 23 social scientists (economists, demographers and sociologists) and a large body of supporting research staff focus on areas of social and policy concern.

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 international scholars, including Nobel Laureates Elinor Ostrom and Amartya Sen, and others such as Ronald Dore, Yujiro Hayami, Jan Breman and Nicolas Stern.[citation needed]

Founded in 1958 by the 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 as President (1992-2021) of the IEG Society. Other notable faculty members and leaders have included Ashish Bose and P. B. Desai. Currently, Shri. N.K. Singh is the President of IEG, Dr. Michael Debabrata Patra is the Chairman of the BoG, IEG and Prof. Sabyasachi Kar is the Director of IEG.

The institute's areas of research may be broadly classified into nine themes:

The institute also imparts training to the trainee officers of the Indian Economic Service, the Indian Statistical Service, NABARD, and university faculty. It also conducts talks, dissertations and seminars and has hosted scholars such as Nobel Laureates Elinor Ostrom and Amartya Sen, Ronald Dore, Yujiro Hayami, Jan Breman and Nicolas Stern.

IEG campus is a sprawling one, covering 7.5 acres of land and is home to the main office building, library, and residential buildings. The campus also accommodates a fitness centre, outdoor and indoor recreational facilities, seminar hall, children's park and play area for kids.

IEG maintains a library, stocked with 1,31,000 accessioned documents such as books, monographs, workshop papers, proceedings of conferences, statistical documents in the fields of economics, economic development, energy, environment, finance, econometrics, mathematics, agriculture, forestry, industry, irrigation, sociology, social anthropology, gender, demography and health. It also has a wide range of unaccessioned micro documents on the subjects. It is accessible to research scholars, trainee officers and students of Delhi School of Economics and University of Delhi.

The library maintains around 20,000 bound volumes of journals and subscribes to 104 paid journals, 51 exchange journals and 123 gratis journals. Another specialized collection of the library is census reports; the complete set of census reports are available in hard copy or microfilms or CD format.

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