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Indira Gandhi Institute of Development Research, Mumbai : Admissions 2026, Courses, Fees & Placements
- Mumbai, Maharashtra
- ★★★★★4.5
- Year of Establishment: 1987
- Type: Private
About
Indira Gandhi Institute of Development Research (IGIDR), established in 1987, is a premier deemed-to-be university located at Gen. Arun Kumar Vaidya Marg, Film City Road, Goregaon, Mumbai. Founded by the Reserve Bank of India, IGIDR is recognized by the UGC and accredited by NAAC. Its mission is to conduct advanced, multidisciplinary research on developmental issues, encompassing economics, energy policy, and environmental studies.
IGIDR offers M.Sc. (Economics), Ph.D. (Development Studies), and post-doctoral programs, attracting scholars from across India and abroad. The institute has a compact but highly specialized academic community, with around 26 faculty members, 80 postgraduates, and 60 doctoral students.
The Mumbai campus spans 14 acres, featuring modern classrooms, research centers, a central library, hostels, and seminar halls. IGIDR is known for its strong collaborations with government bodies, international organizations, and research institutions, providing students with exposure to policymaking and applied economics.
Admissions Open 2026: Courses, Eligibility & Fees
Established in 1987, the Indira Gandhi Institute of Development Research (IGIDR), Mumbai is a premier research and teaching institution in economics, development studies, and related disciplines. It is recognized as a deemed university by the UGC and operates under the Reserve Bank of India’s sponsorship. IGIDR offers popular programs such as M.Sc. in Economics, M.Phil., and Ph.D. in Development Studies. Admissions to the M.Sc. program are conducted through the IGIDR entrance test and interviews, while M.Phil. and Ph.D. programs require strong academic records and performance in entrance exams. Eligibility for M.Sc. requires a bachelor’s degree in economics, mathematics, statistics, engineering, or related fields with at least 55% marks. Fees are highly subsidized, with the M.Sc. program costing around ₹30,000–40,000 per year, making IGIDR one of the most affordable institutions for advanced economics education.
Campus Life and Facilities
Located in Goregaon, Mumbai, the IGIDR campus spans 14 acres of lush greenery, offering a serene environment for research and learning. The campus is equipped with modern classrooms, advanced computer labs, a central library with extensive economics and development resources, hostels, sports facilities, medical services, and innovation centers. Its infrastructure is designed to support both academic excellence and policy-oriented research, with students gaining access to high-quality resources and collaborative spaces.
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Scholarships & Fee Concessions
IGIDR provides extensive financial support to its students. All M.Sc., M.Phil., and Ph.D. students receive stipends or fellowships, ensuring that financial constraints do not hinder access to education. In addition, students can avail government scholarships such as SC, ST, OBC, minority, and EWS schemes. On average, nearly 70–80% of students benefit from scholarships or fee waivers, reflecting IGIDR’s commitment to inclusivity and accessibility in higher education.
Top Placements & Partner Companies
Placements at IGIDR are strong, with graduates securing roles in academia, research institutions, government agencies, international organizations, consulting firms, and corporate sectors. Recruiters include World Bank, IMF, UNDP, RBI, NABARD, leading universities, and top consulting firms. The highest package has crossed ₹20–25 LPA, while the average package remains around ₹10–12 LPA, reflecting strong demand for IGIDR graduates in economics and policy-making. The institute also emphasizes career workshops, internships, and industry exposure programs, preparing students for leadership roles in development and economic research.
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