Is it preferable to pursue M.Sc. or should I pursue M.A. in economics after completing B.Sc. with 82%?

Definitely u should pursue M.Sc in ur stream

You should do M.Sc. In Economics for better opportunities. You can consider below listed colleges / Universities : Delhi University, Jawaharlal Nehru University, Lovely Professional University, Jamia Mililia Islamia University, University of Mumbai, University of Hyderabad, Sri Ram College of Commer