A field experiment was conducted during kharif season of 2008-09 and 2009-10 to study the response of phos- phorus (0, 25, 50 and 75 kg P O /ha) and bioinoculants (control, PSB, PGPR and PSB + PGPR) on yield and yield 2 5 attributes, nutrient uptake and economics of pigeonpea ( Cajanus cajan L.). Application of 75 kg P O /ha recorded 2 5 the highest grain yield (2.19 t/ha) and yield attributes, nutrient uptake, gross returns ( 1,19,858/ha), net returns ( 90,500/ha) and B:C ratio (3.09), which was significantly superior over 25 kg P O /ha. Agronomic (AEp), recovery 2 5 (REp) and physiological (PEp) efficiency was the highest with 25 kg P O /ha, followed by 50 and 75 kg P O /ha. 2 5 2 5 REp was the highest with 50 kg P O /ha. Dual seed inoculation with PSB + PGPR produced the highest yield (2.24 2 5 t/ha) and yield attributes, nutrient uptake, gross returns ( 1,22,377/ha), net return ( 93,498/ha) and B: C ratio (3.23), being significantly superior over PGPR, PSB and control. AEp and REp was the highest with PSB followed by PSB + PGPR and PGPR, while PEp was the maximum with PGPR. The available phosphorus in soil after har- vest of the crop was the highest (22.2 kg/ha) with application of 75 kg P O /ha. 2 5