The department of Economics was started in June 1974 as a core subject in human sciences and to study economics aspects of human life and society. As most of the students come from typical rural background, economics is a subject of enthusiasm and knowledge for them. Hence the number of enrollment of students increased thereafter. In June 1973 only 22 students had opted for economics at special level, the number increased to 160 students in the year 2016-2017. Similarly economics stood compulsory subject for the students of commerce faculty. As a result the number of teachers in the department also increased from 3 in 1972 to 7 in 2017. Among them two faculty members are Ph.D holders while two are M. Phil. holders, of which one has cleared NET Examination. We stated postgraduate department in 1978- 79 to impart advanced knowledge to them. Department has conducted many research projects, seminars, conferences, workshops in the subject of rural community development.

Department organized ‘All India Marathi Arthshstra Parishand’ on 22 November 1997 as well as a National level conference on “Water Management” on 26^th 27^th February 2015.We also published a souvenir comprising the output of these conferences. We have a rich library of books journals & periodicals with a wide coverage of topics in economics. The past students from this department are widely spread in all the fields of society, working for the better cause of nation.   

We have a rich collection of books journals and periodicals in the central library with wide coverage of topics in economics; similarly we also have a departmental library built up through books donated by alumni students.