1. To initiate the students into the acquisition and application of diverse economic theories.
2. To create awareness among students, to discuss current issues, to provide up-to date and career-oriented education in Economics.
3. To imbibe the students with critical, analytical and creative use of theory to understand the socio-economic environment and approach the contemporary socio-economic problems with better solutions.
4. To produce competent policy planners, resource managers and economic advisors of our own who will guide the nation on economic front in future.

1. To prepare students for higher education, practical research and career placement.
2. To produce indigenous human resource capable of understanding, analyzing, solving and managing any economic problem within the contours of the available resources.
3. To reach the standards of excellence in teaching, research and consultancy.
4. To establish an Entrepreneurship

Strengths
1. Institutional / Academic autonomy
2. Dedicated highly qualified faculty
3. Meritorious students
4. Location advantage; college is in close vicinity of university of Kashmir and central university of Kashmir
Weakness
1. Newly established department (Infancy issues)
2. Shortage of faculty
3. Infrastructural bottlenecks
4. Limited placement mechanism
Opportunities
1. Being a policy science studying economics offers a wide range of opportunities in policy making in both government as well as corporate sector. The other fields of career opportunities are;
2. Data analysis is the most sought after skill set in the market and is expected to grow exponentially.
3. Economist
4. Financial risk analysis
5. Investment analysis
Threats / challenges
Rising unemployment rates in the country has made job market more tough and complicated. Providing a required skill set as per the requirements of a dynamic market will be a major challenge.