Having a degree in Economics won't hinder your pursuit of Archaeology. .It's commendable that you are following your interest in history and archaeology. While Economics is valuable, a career fueled by passion can be very rewarding.
Many universities and colleges in India offer diploma courses in Archaeology. These programs typically last for one or two years, depending on the institution. Since you have a diploma in Mechanical Engineering (though with a backlog) and higher secondary education with History and Geography, you'd likely be eligible for most Diploma in Archaeology programs. They might require a minimum percentage in your higher secondary exams, so check with specific colleges.
Your Economics background can be surprisingly beneficial in Archaeology:
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