Hey.

Yes, the department of Economics of Panjab University, Chandigarh is well reputed. The cut off is usually high because it is sought after. The faculty there is also good, the campus of PU is also great. Hence, pursuing the course of Ba hons in Economics would be worth it. You can use the link below for any updates regarding the department.

http://economics.puchd.ac.in/show-noticeboard.php?nbid=1

Best of luck!