The Gokhale Institute of Politics and Economics shares the Library of the Servants of India Society who are the trustees of the Institute. The Library was established in 1905.

The Institute has been mainly responsible for building it up during the period of last seven decades or so since 1930 when the Institute was established.

The Library today possesses more than 2,52,000 volumes in social sciences, sciences and humanities. It receives more than 490 periodicals including almost all leading national and international periodicals in Economics and related subjects published in English language. It also possesses the back volumes about than 2000 periodical titles.

The library collection includes not only books but also other types of materials like maps, atlases and non-print materials like microfiche, microfilms, CDs etc.