After the partition of the country, the teaching of Economics in this University was centered in Government College, Hoshiarpur under the guidance of Professor K K Dewett. His hands were strengthened by the appointment of Professor S B Rangnekar in 1951. The location of the department was shifted to the Chandigarh Campus in 1958 and it continues to be a leading center of teaching, research and learning of economics in the region.
The department has the honour of having produced many well-known economists like Dr. Manmohan Singh (Prime Minister of India), Late Dr. G.K. Chadha ( former member Prime Minister's Economic Advisory Council and former Vice-Chancellor, Jawaharlal Nehru University, New Delhi ) and Dr. B S Minhas. The department also had the privilege of having had Dr. Manmohan Singh, Dr. Gautam Mathur (former Director of the Institute of Manpower Planning, New Delhi, and Ex Vice-Chancellor of Osmania University), Dr. Karam Singh Gill (former Advisor, Planning Commission and Ex Vice-Chancellor of Guru Nanak Dev University, Amritsar), Dr. G S Bhalla, (former Member Planning Commission and Ex Chairman of the Commission for Agricultural Costs and Prices) and Dr. G.K.Chadha on its faculty.
At present the department has a total of 10 faculty members. Research activity in the department can be broadly classified into four groups viz. Industrial Economics, Money, Trade and Finance, Agricultural Economics and Development Studies. All the faculty members have contributed academically by publishing extensively in research journals of repute and other professional publications, besides undertaking Government of India / State sponsored projects. Faculty members have also shown keen interest in economic issues of academic and public interest as is evident from their publications in the news papers and in the form of books, articles, working papers, monographs, etc. Most of them have produced Ph.Ds. and are actively involved in guiding Ph. D as well as M Phil./ M.A. research students.
In view of the academic strength of the department it has been selected as the Center for UGC Special Assistance Programme (SAP) w.e.f. April 1,2007. The department has also been chosen by UNDP for carrying out a project on the socio-economic development of District Hoshiarpur (Punjab). With such a competent faculty, the department, as always, continues to be a leading center for training in Economics in the entire North-West region. This fact has been amply borne out by the success rate of its alumni in various competitive examinations and academic institutes both within the country and abroad. Thanks to the leadership and contributions of the old stalwarts, the department had a glorious past, and now given the professional caliber and moral commitment of the present faculty as well as the support staff (non-teaching), has a bright future as well.
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