GATE Economics [Code XH-C1] Exam 2026! [Complete Details] Exam Pattern, Latest Syllabus, Books, Cut-off,Question Paper, Eligibility Criterion & Tips Strategy
In This Article We Will Discuss All Important Tools, Like the Latest Syllabus, Exam Pattern, Level of Difficulty, Best Books, Previous Year Paper & Many More Information for GATE Economics
Overview of Gate Economics Exam 2026-
| Particulars | Details |
| Examination Mode | Computer Based Test (Online) |
| Duration | 3 Hours |
| Number of Subjects | 3 Papers |
| Section | General Aptitude (GA)Candidate Selected Subject |
| Type of Questions | Multiple Choice Questions (MCQs)Multiple Select Questions (MCQs)Numerical Answer Type (NAT) Questions |
| Design of Questions | The questions are designed to test the listed abilitiesApplicationAnalysisComprehensionRecallSynthesis |
| Number of Questions | 65 Questions (including 10 questions from General Aptitude) |
| Total Marks | 100 Marks |
| Marking Scheme | All of the questions will be worth 1 or 2 marks |
| Negative Marking | Two 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. |
Get the Best Study Notes of GATE Economics Check Free Sample PDF Now – Click Here
Table of Contents
GATE Reasoning and Comprehension Syllabus
(Compulsory for all XH Candidates)
This part tests 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 2026-
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 are involved so that it would be easy for you to be prepared for the upcoming exams.
The Chapters are –
- Chapter -1: Microeconomics.
- Chapter -2: Macroeconomics.
- Chapter -3: Statistics, Econometrics and Mathematical Economics
- Chapter -4: International Economics.
- Chapter -5: Public Economics.
- Chapter 6: Development Economics
- Chapter -7: Indian Economy.
| Section | Topics |
|---|---|
| C1.1 Microeconomics | – Theory of Consumer Behaviour: Cardinal and Ordinal Approaches, Consumer Preferences, Nature of Utility Function, Marshallian and Hicksian Demand Functions, Duality Theorem – Slutsky Equation, Comparative Statics – Homogeneous and Homothetic Utility Functions, Euler’s Theorem – Theory of Revealed Preference: Weak and Strong Axiom – Theory of Production and Costs: Short-run and Long-run Analysis – Market Equilibrium: Existence, Uniqueness, Stability; Walrasian and Marshallian Stability Analysis – Cobweb Model – Decision Making under Uncertainty and Risk – Asymmetric Information: Adverse Selection, Moral Hazard – Theory of Agency Costs, Theory of Search – Non-Cooperative Games: Constant Sum Game, Mixed & Pure Strategy, Bayesian Nash Equilibrium, SPNE, Perfect Bayesian Equilibria – Theory of Firm: Market Structures — Competitive and Non-Competitive Equilibria and Efficiency – Structure-Conduct-Performance Paradigm – Factor Pricing: Marginal Productivity Theory, Monopolistic Exploitation – General Equilibrium Analysis – Welfare Economics: Fundamental Theorems, Social Welfare Function, Pareto Optimality |
| C1.2 Macroeconomics | – National Income Accounting: Closed and Open Economy – Determination of Output and Employment: Classical and Keynesian Framework – Theories of Consumption: Absolute, Relative, Life Cycle, Permanent Income Hypotheses, Random Walk Model – Investment Function: Jorgenson’s Neoclassical Theory, Tobin’s q – Keynesian Stabilization Policies, Multipliers, Investment Accelerator – Demand and Supply of Money, Liquidity Preference, Money Multiplier, Liquidity Trap – Interest Rate Determination, Central Banking: Objectives and Instruments, Prudential Regulation, Quantitative Easing – Commercial Banking, Non-Banking Financial Institutions, Capital Market and Regulation – Inflation Theories, Expectations-Augmented Phillips Curve – Real Business Cycles, Adaptive and Rational Expectations – Closed Economy IS–LM Model, Mundell-Fleming Model – Monetary and Fiscal Policy Efficacy – The Impossible Trinity |
| C1.3 Statistics, Econometrics, and Mathematical Economics | – Probability Theory: Concepts, Distributions (Discrete and Continuous), Central Limit Theorem – Index Numbers, Construction of Price Indices – Sampling Methods, Sampling Distribution, Statistical Inference, Hypothesis Testing – Linear Regression, Gauss-Markov Theorem – Problems: Heteroscedasticity, Multicollinearity, Autocorrelation, Spurious Regression, Unit Roots – Simultaneous Equation Models (Recursive and Non-Recursive), Identification Problem – Differential Calculus Applications – Linear Algebra: Matrices, Cramer’s Rule – Static Optimization Problems – Input-Output Model, Linear Programming – Difference and Differential Equations Applications |
| C1.4 International Economics | – Theories of International Trade – Trade under Imperfect Competition – Gains from Trade, Terms of Trade, Trade Multiplier – Tariffs and Non-Tariff Barriers, Dumping and Anti-Dumping Policies – GATT, WTO, Regional Trade Blocks – Trade Policy Issues – Balance of Payments: Composition, Equilibrium, Disequilibrium, Adjustment Mechanisms – Foreign Exchange Market and Arbitrage, Exchange Rate Determination – IMF and World Bank |
| C1.5 Public Economics | – Market Failure: Causes and Remedial Measures (Asymmetric Information, Public Goods, Externalities) – Market Regulation: Collusion, Consumer Welfare – Public Revenue: Tax and Non-Tax, Direct and Indirect Taxes, Progressivity – Tax Incidence and Effects – Public Expenditure, Public Debt Management – Public Budget and Budget Multiplier – Fiscal Policy and Implications – Environment as a Public Good, Coase Theorem, Cost-Benefit Analysis |
| C1.6 Development Economics | – Theories of Economic Development: Smith, Ricardo, Marx, Schumpeter, Rostow – Balanced and Unbalanced Growth, Big Push Approach – Indicators of Economic Development: HDI, SDGs, MDGs – Poverty and Inequality: Concepts and Measurement – Social Sector Development: Health, Education, Gender, Fertility, Morbidity, Mortality, Migration, Child Labour, Age Structure, Demographic Dividend – Models of Economic Growth: Harrod-Domar, Solow, Ramsey – Technical Progress: Disembodied and Embodied – Endogenous Growth Models |
| C1.7 Indian Economy | – Pattern and Structure of Economic Growth in India – Agriculture, Industry, Services Sector: Growth Patterns and Challenges – Policy Responses to Sectoral Challenges – Rural and Urban Development: Issues and Policy Responses – Foreign Capital Flows – Trade Policies – Infrastructure Development: Physical and Social; Public-Private Partnerships – Reforms in Land, Labour, Capital Markets – Poverty, Inequality, and Unemployment – Functioning of Monetary Policy and Fiscal Policy in India – Tax Reforms: GST – Issues of Growth and Equity – Fiscal Federalism: Centre-State Financial Relations, Finance Commissions – Deficit and Debt Sustainability, FRBM Act 2003 – Demonetization and Aftermath – Balance of Payments, Composition of Trade, Export Competitiveness – Exchange Rate Policy |
Get the Best Study Notes of GATE Economics Check Free Sample PDF Now – Click Here
GATE Economics (XH-C1) Important Topics Chapter Wise-
| Topics Included in GATE Economics Syllabus | Important-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 Economics | Theories of International Trade, Gains from Trade, International Trade under Imperfect Competition, Dumping and Anti-Dumping Policies. WTO, GATT, etc. |
| Developmental Economics | Theories 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 Economics | Market Failure and Remedial Measures, Regulation of Market, Public Budget and Budget Multiplier, Progressive and non-Progressive Taxation, Direct and Indirect Taxes, etc. |
| Indian Economy | Economic Growth in India, Functioning of Monetary Policy in India, Demonetization and Aftermath, Fiscal Policy in the Indian Context, etc. |
| Statistics, Econometrics & Mathematical Economics | Central 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 –
| Career Domain | Job Roles / Titles | Employers / Institutions | Expected Salary Range |
|---|---|---|---|
| Academia & Research | Research Assistant, Junior Research Fellow (JRF), Lecturer, Ph.D. Candidate | ISI, IEG, JNU, Ashoka University, International Universities | ₹6 – ₹12 LPA (initial) |
| Corporate Sector | Business Analyst, Economic Analyst, Financial Analyst, Strategy Analyst | McKinsey, Deloitte, EY, PwC, Accenture, Banks, MNCs | ₹10 – ₹20 LPA |
| Public Sector / Govt. | IES Officer, RBI Grade B Officer, Policy Advisor | UPSC (IES), RBI, NITI Aayog, Ministry of Finance, TRAI, SEBI | ₹8 – ₹15 LPA |
| International Organizations | Economist, Policy Specialist, Research Fellow | UNDP, IMF, World Bank, WTO, ADB, UNESCO | ₹20 – ₹40+ LPA |
| Startups / Tech Firms | Economic Consultant, Data Scientist, Market Analyst, Product Analyst | Fintech, Edtech, Agritech Startups, Zomato, Ola, Swiggy, Razorpay | ₹8 – ₹25 LPA |
| Think Tanks & NGOs | Policy Analyst, Development Economist, Field Researcher | Brookings India, PRS, NCAER, Centre for Policy Research, Vidhi, Pratham | ₹6 – ₹12 LPA |
| Higher Education (Abroad) | Ph.D. Scholar (Economics, Public Policy, Development Studies) | Harvard, MIT, LSE, Oxford, Stanford, European Universities | Fully funded (Stipend: $25k+/yr) |
Salary by Job Role
| Job Role | Average Salary (INR LPA) | Salary Range (INR LPA) |
|---|---|---|
| Economist | ₹13.00 LPA | ₹3.00 – ₹39.10 LPA |
| Financial Analyst | ₹7.26 LPA | ₹5.00 – ₹12.00 LPA |
| Policy Analyst | ₹6.00 – ₹10.00 LPA | ₹4.00 – ₹15.00 LPA |
| Data Scientist / Analyst | ₹8.00 – ₹20.00 LPA | ₹6.00 – ₹30.00 LPA |
| Government Economist | ₹10.00 – ₹15.00 LPA | ₹8.00 – ₹25.00 LPA |
| International Economist | ₹20.00 – ₹41.00 LPA | ₹15.00 – ₹50.00+ LPA |
Get the Best Study Notes of GATE Economics Check Free Sample PDF Now – Click Here
Eligibility for Gate Economics: Educational Qualification
A candidate who is currently studying in the 3rd or higher years of an Economics undergraduate degree program OR has already completed any government-approved degree program in Economics or a Relevant Stream, is eligible to appear in the GATE 2026 exam.
| Qualifying Degree | Qualifying Degree/Examination | Description of eligible candidates |
| Undergraduate | Bachelor’s degree (B.A./B.Sc./B.Com /B.Stat./B.Math./ B.Tech/B.E. or equivalent) | Currently in the 3rd year or higher or already completed |
GATE Exam Minimum / Maximum Age Limit Criteria 2026
Candidates have to meet the GATE eligibility 2026 in order to appear for the GATE exam. There is No Age Limit to applying for the GATE exam 2026.
GATE Exam Attempts Limit Criteria 2026
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 2026. . For Economics, You Must Have Under degree 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 -XH-C1) Exam Pattern-
Total Number of Questions in GATE 2026
- GATE 2026 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 the Gate General Aptitude and Economics:
| GATE Paper | No. of Questions | Maximum Marks | Duration |
|---|---|---|---|
| General Aptitude | 10 | 15 | Cumulative time duration of 3 hours.Shift 1: 9.30 AM – 12.30 PMShift 2: 2.30 PM – 5.30 PM |
| Reading Comprehension | 15 | 25 | |
| Gate Economics | 40 | 60 | |
| Total | 65 MCQs | 100 Marks | 180 minutes |
IITs Offering PG Degrees in Economics
| IIT | Program Offered | Degree Type |
|---|---|---|
| IIT Delhi | M.Sc. in Economics | 2-year Master’s |
| IIT Bombay | M.Sc. in Economics | 2-year Master’s |
| IIT Kanpur | M.Sc. in Economics | 2-year Master’s |
| IIT Madras | M.A. in Development Studies (with Economics core) | 2-year Master’s |
| IIT Roorkee | M.Sc. in Economics | 2-year Master’s |
| IIT Hyderabad | M.A. in Development Studies / Economics | 2-year Master’s |
| IIT Indore | M.Sc. in Economics | 2-year Master’s |
| IIT Gandhinagar | M.A. in Society and Culture (with Economics electives) | 2-year Master’s |
Marking Scheme for GATE Economics Exam 2026
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-choice questions. 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 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 Books | Authors/ Publishers |
| UGC NET Economics | Arihant |
| Micro Economics: Anna Koutsoyiannis | H.L. Ahuja |
| Indian Economy | Mishra & Puri |
| UGC-NET: Economics (Paper-II) Exam Guide | Sanjay Kuma |
| Public Finance | S.K. Singh |
| Macro Economics Analysis by Edward Shapiro | H.L. Ahuja |
| International Trade | Bo Sodersten |
| Statistics and Econometrics | B. 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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Recommended Books
-
GATE Economics Previous Year Solved Paper Book PYQ 2021 to 2024
Original price was: ₹300.00.₹199.00Current price is: ₹199.00. -
GATE Economics XH-C1 Sets of 3 Theory Books Covered all 7 Chapters As Per Exam Pattern
Original price was: ₹3,000.00.₹999.00Current price is: ₹999.00.
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 Damodaran N.Gujarati
- Econometrics by Koutsoyiannis
GATE Economics [Code -C1] Study Notes [Sample]
GATE Economics Cut-off 2024 Exam –
IIT Economics PG Admission Cut-offs (GATE 2024) Score
| Institute | Program | General | OBC-NCL | EWS | SC | ST |
|---|---|---|---|---|---|---|
| IIT Madras | MA in Economics | 621 | 297 | 303 | 149 | 138 |
| IIT Delhi | MSc in Economics | Not specified | Not specified | Not specified | Not specified | Not specified |
| IIT Bombay | MSc in Economics | Not specified | Not specified | Not specified | Not specified | Not specified |
| IIT Kanpur | MSc in Economics | Not specified | Not specified | Not specified | Not specified | Not specified |
| IIT Roorkee | MSc in Economics |
Here are Cut -off Marks & Highest Marks out of 100 GATE Exam 2021
| GATE Paper Code | Highest Score | Highest Marks (out of 100) | Cut-off Marks (out of 100) |
| XH-C1 (Economics) | 1000 | 62.67 | 29.4 |
| XH-C2 (English) | 986 | 77.67 | 41.7 |
| XH-C3 (Linguistics) | 1000 | 65.67 | 35.3 |
| XH-C4 (Philosophy) | 1000 | 71 | 37.9 |
| XH-C5 (Psychology) | 1000 | 77.33 | 48.5 |
| XH-C6 (Sociology) | 1000 | 66 | 34.3 |
GATE Economics V/s IIT-JAM Economics
Here’s a detailed comparison table between GATE Economics and IIT-JAM Economics across various aspects like purpose, syllabus, difficulty level, eligibility, career scope, and more:
| Aspect | GATE Economics | IIT-JAM Economics |
|---|---|---|
| Full Form | Graduate Aptitude Test in Engineering (Economics paper introduced in 2021) | Joint Admission Test for Masters (M.A./M.Sc. Economics) |
| Purpose | Admission to PG programs (like M.Sc./M.A./Ph.D) + PSU recruitment | Admission to M.A./M.Sc. Economics programs in IITs & IISc |
| Organizing Body | Conducted by one of the IITs on a rotational basis | Conducted by one of the IITs on a rotational basis |
| Eligibility | Bachelor’s degree (no minimum %), 3rd year onwards eligible | Bachelor’s degree with Economics as a subject for at least 4 semesters (varies by IIT) |
| Exam Level | Postgraduate entrance; comparatively tougher | Postgraduate entrance, comparatively tougher |
| Syllabus | Advanced: Micro, Macro, Stats, Math, Public Eco, Trade, Growth, Development | Intermediate: Micro, Macro, Stats, Math, Indian Economy |
| Mathematics Level | Higher (includes Real Analysis, Linear Algebra, Calculus) | Moderate (up to undergraduate level Math and Stats) |
| Duration & Pattern | 3 hours, MCQ, MSQ, NAT; Total 65 questions | 3 hours, 60 questions (MCQ, MSQ, NAT); 100 marks |
| Score Validity | 3 years | 1 year |
| Institutes Accepting | IITs, IISc, IIMs (for research), NITs, few foreign univs, PSUs | Mostly IITs and IISc for M.Sc./M.A. programs |
| Career Scope | Research, Higher Studies (PhD), PSU Jobs, RA/TA roles | Higher Studies (M.A./M.Sc.), later leading to PhD or jobs |
| PSU Recruitment | Yes (limited, e.g., RBI, NABARD, SEBI, some banks, ministries) | No direct PSU recruitment |
| Best For | Students aiming for PhD, research, foreign universities, PSUs | Students aiming for IIT M.A./M.Sc. in Economics or PhD later |
| Difficulty Level | High – on par with UPSC Eco optional or UGC NET in toughness | Moderate – like DU, JNU, or BHU PG entrance |
| Popularity | Gaining popularity (newly introduced paper) | More established and known for PG Economics aspirants |
| Competition | Less number of applicants but very high-level questions | Higher number of applicants; moderately tough paper |
| Ideal Background | Economics + strong mathematics/statistics foundation | Economics graduates with moderate math/stats |
GATE Economics Question Paper 2021 Exam in PDF With Answer-
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 –
- Allow 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 a 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 depend 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 2026
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 Time | 4 Months (16 Weeks) |
| Total Chapters/ Topics to Prepare | 7 |
| Total Sub-Topics | Over 60 |
| Studying Hours Per Day | 4 – 5 Hours |
| Number of Days Required to Prepare Each Chapter | 12 Days |
| Number of Chapters Completed in a Month | 2 Chapters |
| Break Days or Extra Days Each Month | 2 – 3 Days* |
| Time Taken to Complete Entire Syllabus | 3 Months |
| Remaining Time | One Month |
| Days to Solve Sample Papers/ Model Papers/ Mock Tests | 20 Days |
| Days Left for Final Revision | 10 Days |
Career Scope After Qualifying [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 Code | Highest Score | Highest Marks (out of 100) | Cut-off Marks (out of 100) |
| XH-C1 (Economics) | 1000 | 62.67 | 29.4 |
| XH-C2 (English) | 986 | 77.67 | 41.7 |
| XH-C3 (Linguistics) | 1000 | 65.67 | 35.3 |
| XH-C4 (Philosophy) | 1000 | 71 | 37.9 |
| XH-C5 (Psychology) | 1000 | 77.33 | 48.5 |
| XH-C6 (Sociology) | 1000 | 66 | 34.3 |
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 Syllabus | GATE Economics Eligiblity Criteria |
| GATE Economics Books | GATE Economics Career Scope |
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