The Indira Gandhi Institute of Developmental Research (IGIDR), Mumbai is an advanced research institution established by The Reserve Bank of India in 1987 on the occasion of its golden jubilee. The Institute's mission is to carry out research on developmental issues from a multi-disciplinary point of view. It has one of the largest Social Sciences libraries in Asia. The institute has an M.Phil./Ph.D. program and also an MSc programme in Economics. After its registration as an autonomous society on November 14, 1986 and as a public trust on January 15, 1987, then Prime Minister Shri Rajiv Gandhi inaugurated the campus at Goregaon, Mumbai on December 28, 1987. Subsequently, the Institute was recognized as a Deemed University under Section 3 of the UGC Act. Dr D.M Nachane is the current director of the Institute. At present the Institute has about 120 employees and M.Phil/Ph.D students that include about 30 full time faculty members, 24 non-academic staff and about 60 M.Phil/Ph.D. students. Starting as a purely research-oriented institution, the Institute quickly developed into a full-fledged teaching cum research organisation when in 1990 it launched a Ph.D.