GATE Economics [Code XH-C1] Exam 2025! [Complete Details] Exam Pattern, Latest Syllabus, Books, Cut-off,Question Paper, Eligibility Criterion & Tips Strategy

GATE Economics

In This Article We Will Discuss All Important Tools, Like Latest Syllabus, Exam Pattern, Level of Difficulty, Best Books, Previous Year Paper & Many More Information for GATE Economics

Gate Economics [Code -C1] Part of Optional Sections Paper XH (Humanities and Social Sciences) is One of The Important Exam of GATE, Subject Divided into 7 Chapters & Asked 40 Questions Based on MCQ,MSQ & NAT , 20 Questions Based on 1 Marks Each & Remain 20 Questions 2 Marks Each. Apart of That Reading Comprehension ( Compulsory ) Include 15 Questions Gives 25 Marks, & General Aptitude 10 Questions 5 Questions Based on 1 Marks Each & Remains 5 Question 2 Marks Each. Total 100 Marks Paper, Total 55 Questions Asked in Exam. Economics Subjects Based on Details Topics Like – Microeconomics, Macro Economics, Statistics, Econometrics and Mathematical Economics etc Syllabus is Lengthy & Paper Level is Moderate to Hard

Table of Contents

Overview of Gate Economics Exam 2024-

ParticularsDetails
Examination ModeComputer Based Test (Online)
Duration3 Hours
Number of Subjects 3 Papers
SectionGeneral Aptitude (GA)Candidate Selected Subject
Type of QuestionsMultiple Choice Questions (MCQs)Multiple Select Questions (MCQs)Numerical Answer Type (NAT) Questions
Design of QuestionsThe questions are designed to test the listed abilitiesApplicationAnalysisComprehensionRecallSynthesis
Number of Questions65 Questions (including 10 questions from General Aptitude)
Total Marks100 Marks
Marking SchemeAll of the questions will be worth 1 or 2 marks
Negative MarkingTwo types of MCQs: MCQs – 1 mark for each correct answer; 1/3 mark will be deducted for every wrong answer
MCQs – 2 marks for each correct answer; 2/3 marks will be deducted for every incorrect response.
There is no negative marking for Numerical Answer Type (NAT) questions and NO negative marking for MSQ & NAT.

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GATE Reasoning and Comprehension Syllabus

(Compulsory for all XH Candidates)

This part is to test the candidate’s ability to comprehend and interpret written information – skills that are critical to research in the Humanities and Social Sciences. The section will not directly test language competence in terms of grammar, vocabulary etc. The focus is instead on critical reasoning (similar to what is often found in exams like LSAT, GRE, GMAT etc.) and analysis of the text and its stylistic and rhetorical structure.


Questions of this section XH-B1 will test the following skills:
• Reading Comprehension – ability to understand complex language material in short paragraphs and answer questions regarding them.
• Expression – questions on stylistic and rhetorical aspects of a short passage including corrections or modifications of particular sentences.
• Analytical reasoning – the ability to understand relationships in statements or short passages and being able to draw reasonable conclusions/inferences from them.
• Logical reasoning – Thinking critically to evaluate or to predict an argument, identify the main and supporting arguments, predict outcomes etc.

GATE Economics (Code XH-C1) Latest Syllabus 2025-

GATE Economics Subject Based on Topics & Such Topics such as international Economics, Public Economics, Money & Banking, Macro-Economics  & Many More This means that you’d have to cover a lot of ground to get a surface-level understanding of the fundamentals. While the syllabus is dense, it would help to break down each component that makes a lesson. This is why we’ve broken them down the Economics GATE syllabus according to the names of the units themselves. It would be easier to digest what topics under them are involved so that it would be easy for you to be prepared for the upcoming exams.

The Chapters are –

  • Chapter -1: Micro Economics.
  • Chapter -2: Macro Economics.
  • Chapter -3: Statistics, Econometrics and Mathematical Economics
  • Chapter -4: International Economics.
  • Chapter -5: Public Economics.
  • Chapter- 6: Development Economics
  • Chapter -7: Indian Economy.
UnitsSubjects / Topic Name
Chapter -1 : Micro EconomicsTheory of Consumer Behaviour: Cardinal Approach and Ordinal Approach; Consumer Preferences; Nature of the utility function; Marshallian and Hicksian
demand functions; Duality Theorem. Slutsky equation and Comparative Statics.
Homogeneous and Homothetic Utility Functions; Euler’s Theorem. The Theory of
Revealed Preference: Weak Axiom of Revealed Preference and Strong Axiom of
Revealed Preference, Theory of Production and Costs: Short-run and Long-run Analysis,
Existence, Uniqueness and Stability of Market Equilibrium: Walrasian and Marshallian
Stability Analysis. The Cobweb Model, Decision making under uncertainty and risk.
Asymmetric Information: Adverse Selection and Moral Hazard. Theory of Agency costs.
The Theory of Search, Non-Cooperative games: Constant sum game, Mixed Strategy &
Pure Strategy, Bayesian Nash Equilibrium, SPNE, Perfect Bayesian Equilibria., Theory of
Firm: Market Structures — Competitive and Non-competitive equilibria and their efficiency
properties. Structure-Conduct-Performance Paradigm, Factor Pricing: Marginal
productivity Theory of Distribution in Perfectly Competitive markets;
Theory of Employment in Imperfectly Competitive Markets — Monopolistic Exploitation, General Equilibrium
Analysis. Welfare Economics: Fundamental Theorems, Social Welfare Function.
Efficiency Criteria: Pareto-Optimality.
Chapter 2: Macro EconomicsNational Income Accounting: Closed Economy Concepts and
Measurement and Open Economy Issues,
Determination of output and employment:
Classical & Keynesian Framework, Theories of Consumption: Absolute Income
Hypothesis, Relative Income Hypothesis, Life Cycle Hypothesis, Permanent Income
Hypothesis and Robert Hall’s Random Walk Model; Investment Function Specifications –
Dale Jorgenson’s Neoclassical Theory of Capital Accumulation and Tobin’s, Keynesian
Stabilization Policies, (Autonomous) Multipliers and Investment Accelerator, Demand and
Supply of Money, Components of Money Supply, Liquidity Preference and Liquidity Trap,
Money Multiplier, Interest Rate determination, Central Banking, Objectives, Instruments
(Direct and Indirect) of Monetary Policy, Prudential Regulation, Quantitative Easing
(Unconventional Monetary Policy), Commercial Banking, Non-Banking Financial
Institutions, Capital Market and its Regulation, Theories of Inflation and Expectations
Augmented Phillips Curve, Real Business Cycles, Adaptive Expectations Hypothesis,
Rational Expectation Hypothesis and its critique. Closed Economy IS-LM Model and
Mundell Fleming Model: Monetary and Fiscal Policy Efficacy. The Impossible Trinity.
Chapter- 3 : Statistics, Econometrics and Mathematical Economics:Probability Theory:
Concepts of probability, Probability Distributions [Discrete and Continuous], Central Limit
Theorem, Index Numbers and Construction of Price Indices, Sampling Methods &
Sampling Distribution, Statistical Inferences, Hypothesis Testing, Linear Regression
Models and the Gauss Markov Theorem, Heteroscedasticity, Multicollinearity and
Autocorrelation, Spurious regressions and Unit roots, Simultaneous Equation Models –
recursive and non-recursive. Identification Problem, Differential Calculus and its
Applications, Linear Algebra – Matrices, Applications of Cramer’s Rule, Static Optimization
Problems and Applications, Input-Output Model, Linear Programming, Difference
equations and Differential equations with applications
Chapters-4 : International EconomicsTheories of International Trade, International Trade
under Imperfect Competition, Gains from Trade, Terms of Trade, Trade Multiplier, Tariff
and Non-Tariff barriers to trade; Dumping and Anti-Dumping Policies, GATT, WTO and
Regional Trade Blocks; Trade Policy Issues, Balance of Payments: Composition,
Equilibrium and Disequilibrium and Adjustment Mechanisms, Foreign Exchange Market
and Arbitrage, Exchange rate determination, IMF & World Bank.
Chapters-5 : Public EconomicsPublic Economics: Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality, Regulation of Market – Collusion and Consumers’
Welfare, Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive
and non-Progressive Taxation, Incidence and Effects of Taxation, Public expenditure,
Public Debt and its management, Public Budget and Budget Multiplier, Tax Incidence,
Fiscal Policy and its implications, Environment as a Public Good, Market Failure and
Coase Theorem, Cost-Benefit Analysis.
Chapters-6 : Development EconomicsDevelopment Economics: Theories of Economic Development: Adam Smith, David
Ricardo, Karl Marx, J. Schumpeter, W. Rostow, Balanced & Unbalanced Growth, Big Push
Approach, Indicators of Economic Development: HDI, SDGs, MDGs, Poverty and
Inequalities – Concepts and Measurement Issues, Social Sector Development: Health,
Education, Gender, Fertility, Morbidity, Mortality, Migration, Child Labor, Age Structure,
Demographic Dividend, Models of Economic Growth: Harrod-Domar, Solow, Ramsey,
Technical progress – Disembodied & Embodied, Endogenous Growth Models.
Chapters -7 : Indian Economy Economic Growth in India: Pattern and Structure, Agriculture, Industry & Services Sector: Pattern & Structure of Growth, Major Challenges, Policy
Responses, Rural & Urban Development – Issues, Challenges & Policy Responses, Flow
of Foreign Capital, Trade Policies, Infrastructure Development: Physical and Social;
Public-Private Partnerships, Reforms in Land, Labour and Capital Markets, Poverty,
Inequality & Unemployment, Functioning of Monetary Policy in India, Fiscal Policy in the
Indian context: Structure of Receipts and Expenditure, Tax reforms-Goods and Services
Tax, Issues of Growth and Equity, Fiscal Federalism, Centre-State Financial Relations and Finance Commissions of India; Sustainability of Deficits and Debt, The Fiscal
Responsibility and Budget Management Act 2003, Demonetization and aftermath. India’s
balance of payments, Composition of India’s Trade, Competitiveness of India’s exports,
India’s exchange rate policy.

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GATE Economics (XH-C1) Important Topics Chapter Wise-

Topics Included in GATE Economics SyllabusImportant-topics
Microeconomics Theory of Consumer Behaviour, Consumer Preferences, Duality Theorem, Euler’s Theorem, The Theory of Revealed Preference,  Walrasian and Marshallian Stability Analysis,  Theory of Agency costs, rfect Bayesian Equilibria, etc.
International EconomicsTheories of International Trade, Gains from Trade, International Trade under Imperfect Competition,  Dumping and Anti-Dumping Policies. WTO, GATT, etc.
Developmental EconomicsTheories of Economic Development, Indicators of Economic Development, Endogenous Growth Models, Disembodied and Embodied, etc.
Macroeconomics National Income Accounting, Classical and Keynesian Framework, Absolute Income Hypothesis, Relative Income Hypothesis, Components of Money Supply, Theories of Inflation and Expectations, etc.
Public EconomicsMarket Failure and Remedial Measures, Regulation of Market, Public Budget and Budget Multiplier,  Progressive and non-Progressive Taxation, Direct and Indirect Taxes, etc.
Indian EconomyEconomic Growth in India, Functioning of Monetary Policy in India,  Demonetization and Aftermath, Fiscal Policy in the Indian Context, etc.
Statistics, Econometrics & Mathematical EconomicsCentral Limit Theorem, Probability Theory, Linear Regression Models and the Gauss Markov Theorem, Multicollinearity and Autocorrelation, Heteroscedasticity, Static Optimization Problems and Applications, etc.  

Career Scope & Job Opportunities for Gate Economics Aspirants –

Every student has a dream to be Alumni of IIT/IIM, after done your Master you will have plenty of opportunities in the Economics Filed either a Private Job or a Government Organization

Scope of MA/MSc Economics.

  1. Education.
  2. Research and Consultancy.
  3. BFSI.
  4. Entrepreneurship.
  5. Data Analyst.
  6. Economist.
  7. Project Manager.
  8. Data Scientist.
  9. Financial Analyst.
  10. Actuary.
  11. Statistician.

Education.

  • After completing a master’s in economics you pursue your career in the education line. It gives you the job opportunity to work as a school teacher.
  • This profession also required a BA economics degree.
  • Through your immense knowledge of economics subject, you can teach students about the principle of economics along with other theories and particle parts.
  • Education filled provides one of the safe ma economic jobs.
  • After a master’s degree in economics later if you complete the Ph.D. in economics, PG in economics, or M.Phil.
  • Even you can do MBA in economics too if you have an interest.
  • Then you can apply for a higher post in economics scopes such as a career as a Professor or Lecturer.

Research and Consultancy.

  • A career in economics research gives a bright future for economics students. After completing MA/MSc economics in research course you can start working in consultancy firms.
  • And other sectors too such as market analysis, labor, financial service, and so on
  • Ma economics jobs like research and consultancy required multiple duties to perform. Such as researchers analyzing data, economic issues, conducting research, and so on.
  • Even if you have a master of arts in economics and work experience some jobs requirements need expert advice and suggestions on various client projects.

BFSI.

  • Another best scope of ma economics is BFSI. Even BFSI is more best job option for economics graduates because it allows you to work in banking and financial service.
  • So if you are looking for jobs for ma economics in banks then yes you have an option in ere.
  • After the economics banking course, you can apply and work in public, private, and foreign banks as a branch manager, Clerk, economic adviser, etc.
  • However, ba economics in banking is not enough for this profile. It takes the IBPS exam and state bank recruitment exams.
  • Moreover, if you have an economics majors degree and you are looking for jobs in economics majors.
  • Then international organizations like International Labor Organization and the World Bank is the best option for you

Entrepreneurship.

  • The next best career in economics is own business means to become an entrepreneur.
  • The market has multiple business economics jobs. This means after completing a master’s degree in business.
  • You can pursue the best marketing jobs.
  • But if you have a mindset of quickly understanding the market trends and knowledge to identify the profitable sectors.
  • Then you can start your own business with the right economic sense. Building entrepreneurship is the best career choice for economics graduates too.
  • Specialization in economics courses will later give your business more expertise, profit, and business growth.

Data Analyst.

  • Data analyst profile comes under top-ranking jobs for ma economics candidates.
  • Studying economics in the data line gives you the knowledge to perform the duties.
  • Like collecting data, handling large datasets, processes, performing statistical analyses, etc.
  • Top data analyst skills which usually every company wants is.
  • Like SQL knowledge, Data visualization, Microsoft Excel, Python Statistical programming, machine learning, etc.
  • For this ba economics scope, you are required to choose ba economics courses.
  • Degree in Statistics or Degree in Mathematics along with a related subject involving maths.
  • Such as data science or economics.

Economist.

  • Another name on the economics careers list is an economist. It is also our second top-ranking job for ma economic candidates.
  • Economics honours scope usually focuses on the study of demand and supply of goods.
  • To perform this economic job they do proper research on market trends and gather relevant data.
  • They use the top economic methods to get the best result such as qualitative and quantitative economic analysis.
  • They check other market and financial factors too like tax rates, exchanges rates, international trade, economic development, etc.

MA/MSc Economics Jobs.

The ma economics degree opens up multiple lucrative and high-salary jobs for you.

Let’s see some career options in my job profile after competing for the main economics in India.

  • Economic Journalist.
  • Branch Manager Retail.
  • Credit Officer Retails.
  • Stock Broker.
  • Policy Analyst.
  • Operations Officer Banking.
  • Strategy Analyst.
  • Teacher/Professor.
  • Research.

MA/MSc Economics Jobs for Freshers.

Many private the public sector have job options for fresh postgraduates or master an economics course.

  • Financial Analyst.
  • Investment Analyst.
  • Marketing Manager.
  • Operations Manager.
  • Research Associate.
  • Investment Banker.
  • Securities Analyst.
  • Marketing Manager.
  • Data Analyst.
  • Analyst in International Banks.

Salary after MA/MSc Economics.

Given below is the master’s in economics salary as per job profile, economics degree, and work experience.

Remember economics jobs salary can be varied as per acquisition of skills and knowledge of product subject.

Post.Salary (Approx.).
Professor.INR 4.80 Per Annum to INR 15.3 Per Annum.
Ministry Assistant.INR 2.4 Per Annum to INR 3.6 Per Annum.
RBI Grade B Officer.INR 4.2 Per Annum to INR 7.44 Per Annum.
Top Companies Name.Salary (approx.).
Genpact.INR 8L to 9L PA.
Dell.INR 25L to 30L PA.
Accenture.INR 5L to 6L PA.
Zocdoc.INR 28L to 30L PA.

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Eligibility for Gate Economics: Educational Qualification

A candidate who is currently studying in the 3rd or higher years of Economics undergraduate degree program OR has already completed any government approved degree program in Economics or Relevant Stream is eligible for appearing in the GATE 2022 exam.

Qualifying DegreeQualifying Degree/ExaminationDescription of eligible candidates
BA in Economics
BSc in Economics		Bachelor’s degree holders in Economics Stream (3 years after 10+2 or 3 years after B.Sc./Diploma in Economics)Currently in the 3rd year or higher or already completed

GATE Exam Minimum / Maximum Age Limit Criteria 2025

Candidates have to meet the GATE eligibility 2025 in order to appear for the GATE exam. There is No Age Limit to applying for the GATE exam 2025.

GATE Exam Attempts Limit Criteria 2025

There is No Restriction on the number of GATE attempts. One can enrol and appear for the exam as many times as they want.

Who Can Apply for Gate Economics Exam?

There is no specified minimum pass percentage in the qualifying exam to apply for the GATE exam 2024. . For Economics You Must Have Under Graduation in a Related Subject of Economics. Following Degree Example Given Below

  • BA in Economics
  • B.com in Economics
  • B.tech in Economics
  • BA in Economics and Business Administration
  • B.B.A. Economics
  • Bachelor of Arts in Economics and Finance
  • & More

GATE Economics (Code -XHC1) Exam Pattern-

Total Number of Questions in GATE 2025

  • GATE 2025 will have a total of 55 + 10 (General Aptitude) questions.
  • General Aptitude will have 10 questions + Reading Comprehension 15 Questions and Economics will have 40 questions.
  • There is No Restriction to move to and from among the Papers.
  • All the questions are compulsory to attempt.

The table below shows the exam pattern of Gate General Aptitude and Economics:

GATE PaperNo. of QuestionsMaximum MarksDuration
General Aptitude1015Cumulative time duration of 3 hours.Shift 1: 9.30 AM – 12.30 PMShift 2: 2.30 PM – 5.30 PM
Reading Comprehension1525
Gate Economics4060
Total65 MCQs100 Marks180 minutes

Marking Scheme for GATE Economics Exam 2025

Below, we are sharing the GATE Economics marking scheme that will make you aware of the exam paper’s difficulty level. 

  • Section A:
  • This section is divided into two parts. The first part will contain 05 Multiple Choice Questions of 1 mark. There is a negative marking for every wrong answer (1/3 will be deducted for the 1-mark question).
  • The remaining 05 Multiple Choice Questions are of 2 marks each, and 2/3 marks will be deducted for these types of questions in case of wrong attempts.
  • Section B: [Reading & Comprehension]
  • This section contains 15 Multiple. The first part will contain 05 Multiple Choice Questions of 1 mark. There is a negative marking for every wrong answer (1/3 will be deducted for the 1-mark question).
  • Section C: Economics
  • This section is divided into two parts. The first part will contain 20 Multiple Choice Questions of 1 mark. There is a negative marking for every wrong answer (1/3 will be deducted for the 1-mark question).
  • The remaining 20 Multiple Choice Questions are of 2 marks each, and 2/3 marks will be deducted for these types of questions in case of wrong attempts.

Latest Books Gate Economics [Good for Reference]

GATE Economics BooksAuthors/ Publishers
UGC NET Economics Arihant
Micro Economics: Anna KoutsoyiannisH.L. Ahuja
Indian EconomyMishra & Puri
UGC-NET: Economics (Paper-II) Exam GuideSanjay Kuma
Public FinanceS.K. Singh
Macro Economics Analysis by Edward ShapiroH.L. Ahuja
International TradeBo Sodersten
Statistics and EconometricsB. L. Agarwal

If You Looking All in One Best Study Material for GATE Economics Check Best Study Notes Design by Expert Faculties Available in English Both Medium Check Free Sample PDF Now Now – https://wa.link/nmwvdf

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GATE Economics Reference Book-

Unit -1 Books on Microeconomics

  • Microeconomics: Theory and Applications by Dominick Salvatore
  • Modern Microeconomics by A. Koutsoyannis
  • Social Science and its methods in Social Science: An Introduction to the Study of Society by Hunt, Elgin
  • Methodology and Perspectives of Social Science by Abhijit Kundu
  • Economics by Lipsey R. and A Chrystal

Unit -2 Books on Macroeconomics

  • Economics by Lipsey R. and A Chrystal
  • Macroeconomic Theory by Eugene Diutio
  • Macroeconomics by Edward Shapiro
  • Macro Economics by Errol D’Souza
  • Macroeconomics by Gregory Mankiw
  • Macroeconomics by Richard T. Frogmen
  • Methodology and Perspectives of Social Science by Abhijit Kundu
  • Microeconomic Theory by Dominick Salvatore

Unit -3 Books for Quantitative Methods for Economic Analysis

  • Essential Mathematics for Economic Analysis by Sydsaeter K and P. Hammond
  • Introductory Mathematics for Economics and Business by Holden K and A.W. Pearson
  • Basic Mathematics and Its Application in Economics by Barauh.S
  • Mathematical Analysis for Economist by Allen R.G.D
  • Mathematical Methods for Business and Economics by Dowling E.T

Unit -4 Books on the Indian Economy

  • Development with Dignity by Amit Bhaduri
  • Indian Agriculture since Independence by Bhalla, G.S
  • Indian Economy Environment and policy by IC Dhingra
  • Indian Economy: Performance & Policies by Uma , Kapila

Unit -5 Books on Mathematical Economics and Econometrics

  • Fundamental Methods of Mathematical Economics by Chiang A.C. and K. Wainwright
  • Introduction to Mathematical Economics by Dowling E.T
  • Mathematical Economics by R.G.D Allen
  • Mathematics for Economics by Mehta and Madnani
  • Mathematics for Economics by Joshi and Agarwal
  • Mathematics for Economics by Taro Yamane
  • Basic Econometrics by Damodar N.Gujarati
  • Econometrics by Koutsoyiannis

GATE Economics [Code -C1] Study Notes [Sample]

GATE Economics Cut -off 2021 Exam –

Here are Cut -off Marks & Highest Marks out of 100 GATE Exam 2021

GATE Paper CodeHighest ScoreHighest Marks (out
of 100)		Cut-off Marks (out
of 100)
XH-C1
(Economics)		100062.6729.4
XH-C2 (English)98677.6741.7
XH-C3
(Linguistics)		100065.6735.3
XH-C4
(Philosophy)		10007137.9
XH-C5
(Psychology)		100077.3348.5
XH-C6
(Sociology)		10006634.3

GATE Economics Question Paper 2021 Exam in PDF With Answer-

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GATE Economics[Humanities & Social Science] Study Tips How to Crack in First Attempt –

You Just Have to Fellow These Simple Steps to Crack GATE Economics Exam –

  •  Allot 120 day for preparation of Economics Subjects.
  • According to this timetable, divide each topic week wise.
  • Look at the syllabus for Economics – GATE
  • Check out the Best Study Notes available at Diwakar Education Hub
  • During preparation time, make summary notes for each and every topic
  • don՚t waste time to deciding which topic is most important and which is not, give equal attention to each topic
  • If possible Make List of week with topic you allotted and one extra column which is about you successfully completed this topic or not, Because it will helps you later when you revise syllabus (it՚s silly but try it)
  • Do not depends on just one material try to get more and more information from different books, Wikipedia , various blogs and websites and video tutorials.

Step 2: Solve Previous Year Paper

  • After completion of preparation it՚s not over here, it՚s just first step. Next step is evaluation of your preparation which is done by solving previous year papers.
  • Spend at list one week time for this paper-solving section, because you will get better idea about your preparation week area and paper pattern.

Step 3: Revision

  • After gathering your weakness next step is revision.
  • Same as above allot at list 1 to 2 weeks for revision and in this days go through all the notes which you prepare and week topics gathered in paper solving.
  • Also check reviews for each topic you have made and study according to that.

GATE Economics Four-Month Preparation Plan 2024

GATE 2024 will be conducted in February. This gives you 4 months to prepare for the examination. Now we are fully aware of the fact that a single time-table cannot suit everyone’s preference. So, being mindful of that, we have prepared you a standard plan which you can modify as per your Schedule and daily schedule. 

Preparation Time4 Months (16 Weeks)
Total Chapters/ Topics to Prepare7
Total Sub-TopicsOver 60
Studying Hours Per Day 4 – 5 Hours
Number of Days Required to Prepare Each Chapter12 Days 
Number of Chapters Completed in a Month2 Chapters
Break Days or Extra Days Each Month2 – 3 Days*
Time Taken to Complete Entire Syllabus 3 Months
Remaining TimeOne Month
Days to Solve Sample Papers/ Model Papers/ Mock Tests20 Days
Days Left for Final Revision10 Days

Career Scope After Qualified [Passed] GATE Economics Exam-

1.   Postgraduate (M.Sc) Entrance

The GATE score is considered a mandatory requirement for admission to post-graduate programmes in different IITs Like IIT Delhi Offered M.sc in Economics under the The Department of Humanities and Social Sciences. The process for recruitment for M.Sc programs involves qualifying for the GATE exam and clearing the cut-off for the respective college and then interview stage for final admission.

Different benefits of the M.sc program are:

  • Better job opportunities
  • Higher pay packages
  • Subject specialisation
  • Handsome stipend

GATE scorecard is valid for M.sc admission for three years.

2. Public Sector Undertaking (PSU) Entrance

GATE exam gained much popularity after various public-sector units (PSUs) signed a memorandum of understanding (MOU) with IITs for recruitment through GATE. So, clearing GATE can also help you get direct government sector jobs. The most lucrative aspects of PSU jobs are:

  • High pay packages (above Rs 50,000 per month)
  • Work-life balance
  • Extra benefits such as oil or electricity at a subsidised rate
  • Support for higher education such as MBA

The recruitment procedure for PSU is a valid GATE score of the current year and then a round of Group Discussion (GD) and Personal Interview (PI). The weightage given to GATE score is between 75 per cent to 85 per cent. Different PSUs that recruit through GATE include PGCIL, NTPC, NHPC, IOCL, BHEL, etc. found that PSU recruitment is one of the most important reasons why students appear in GATE. As stated by the students, the majority of the students aim to get shortlisted for the recruitment done by different PSU

Why there is so much stress on getting selected for the PSUs? The major reasons behind doing a job in PSU contain a very good salary, job stability, benefits other than salary, and good social stature. In addition to that, candidates also focus on various exams conducted by different PSUs other than GATE. These exam includes the other PSU recruitment exams also like ISRO, DRDO, BARC, etc.

3. PhD Entrance

After Qualified GATE You Do Not need to Appeared in Any University P.hd Entrance Exam {Written Test} Almost in All Central ,State Universities Exempted for Written Exam. Even give you Huge weightage to been selected.

  • Research opportunities abroad
  • Stipend during the course
  • Eligibility requirement for Assistant professor job at IITs and IIITs.

The recruitment process for the PhD programme involves a valid GATE score and then facing an interview panel based on the respective interest area.

4. Fellowship Program in Management (FPM)

It is a five-year program run at IIMs. This program has the following features:

  • A monthly stipend of Rs 29,000-30,000 is offered
  • No tuition fees for four years and nine months
  • For students who live off-campus will get a house-rent allowance (HRA) of Rs 8,000 for a single student and Rs 13,000 for married students

For more details, you can visit different IIMs website.

5. Post Graduate Diploma in Management

National Institute of Industrial Engineering (NITIE) offers various courses in PGDM such as:

  • Post Graduate Diploma in Industrial Engineering (PGDIE)
  • Post Graduate Diploma in Manufacturing Management (PGDMM)
  • Post Graduate Diploma in Project Management (PGDPM)

For all the above Programs, the applicant should have valid GATE (Graduate Aptitude Test in Engineering) score as on June 15, with 60 percent aggregate marks (relaxable by five per cent in case of SC/ST/PwD (Physically Disabled) candidates) .

6. MS Program

If you wish to go for higher studies abroad then you need not worry about exams such as GRE and TOEFL. There are some universities which consider GATE score for admission of Indian Students such as National University of Singapore (NUS) and Nanyang Technological University (NTU).

GATE score must be within three years or less from the date of application and the GATE percentile must be above 90.

7. State Electricity Boards

Earlier different state electricity boards used to conduct independent exams but nowadays many of them are collaborating with IITs to recruit through GATE. Some of the state boards that recruit through GATE are West Bengal State Electricity Distribution Company Limited (WBSEDC), Punjab State Power Corporation Limited (PSPCL) and Odisha Power Generation Corporation Limited (OPGEN).

For recruitment, you have to apply with your GATE registration number on their respective websites.

8. Research Opportunities

There are certain research positions available through GATE in Bhabha Atomic Research Center (BARC). However, BARC conducts its examination for recruitment. Also, industries like ISRO conduct their exams on a similar pattern as GATE.

Frequently Asked Question GATE Economics ?

Q1. What is the GATE Cut Off for Economics 2023 ? 

Ans – Here are Cut -off Marks & Highest Marks out of 100 GATE Exam 2023

GATE Paper CodeHighest ScoreHighest Marks (out
of 100)		Cut-off Marks (out
of 100)
XH-C1
(Economics)		100062.6729.4
XH-C2 (English)98677.6741.7
XH-C3
(Linguistics)		100065.6735.3
XH-C4
(Philosophy)		10007137.9
XH-C5
(Psychology)		100077.3348.5
XH-C6
(Sociology)		10006634.3

 Question -2 Are candidates allowed to use a physical calculator to solve long and complex calculations asked in GATE Question Paper?

Ans. All the candidates are provided with an online virtual scientific calculator to be used to answer the questions. However, it is important to understand that this virtual calculator would be available to use only in the selected questions and not in all the questions. This virtual calculator has the same capability as a scientific calculator

Question -3: Is there any eligibility criteria regarding the nationality of a candidate?

Ans: No, candidates from India as well as other countries can apply for GATE 2024.

Question -4: How is the GATE cutoff decided?

Ans- GATE cutoff is decided by considering various factors like number of applicants, availability of seats, difficulty level of exam and performance of candidates. The conducting institute decides the cutoff in consultation with other responsible authorities.

Question -5 How easy to crack GATE Exam?
Ans: Cracking any exam needs a lot of hard work, time management, dedication and proper use of resources. If you are dedicated to crack GATE, you can clear it easily.

GATE Economics SyllabusGATE Economics Eligiblity Criteria
GATE Economics BooksGATE Economics Career Scope

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