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In 1910 the Society for the Promotion of Technical Education in Bengal which looked after Bengal Technical Institute (which later became College of Engineering and Technology, Bengal) was amalgamated to NCE. NCE henceforth looked after the College of Engineering and Technology, Bengal which by 1940 was virtually functioning as a University. After Independence, the Government of West Bengal, with the concurrence of the Government of India, enacted the necessary legislation to establish Jadavpur University on the 24th of December 1955.

Now Jadavpur University has successfully established itself as a foremost Indian University with a vast repertoire of courses offered, an enviable list of faculty members and has come to be known for its commitment towards advanced study and research. The University consists of four faculties: Arts, Science, Engineering and Technology, and Interdisciplinary Studies. It offers Under-graduate and Post-graduate courses, Ph. D and M. Phil programs.

The Department of Economics, established in the year 1956, is recognised nationwide for its importance in the teaching excellence and prospective research activities. The teaching and research activities of the department in different fields have impressed the University Grant Commission and consequently it has helped the department to set up a Centre for Regional Economic Studies under the Special Assistance Programme in 1987. In 2005 the Department of Economics became the fourth Centre of Advanced Studies in Economics in India.

Planning and Development Unit at Jadavpur University was established in 1996, housed in the Department of Economics, from an endowment grant of the Planning Commission of India. The purpose of the endowment grant was to promote studies and research on planning and development. The Unit in collaboration with the faculty members of Economics Department is now engaged in Development Policy Issues in India, which include studies on disaster management, poverty and forced migration. The Planning and Development unit (Jadavpur University) is now a partner of the EU FP7 project CAERUS. Its role in the project is to develop conceptual framework, conduct field studies in river-bank erosion affected area in West Bengal and ethnic conflict affected area in North-East India, and assess human vulnerability in respect of livelihood, health and education of the affected population.