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Eminent economist Lord Meghnad Desai dies, PM Modi condoles death
Eminent economist Lord Meghnad Desai dies, PM Modi condoles death

Indian Express

timean hour ago

  • Business
  • Indian Express

Eminent economist Lord Meghnad Desai dies, PM Modi condoles death

Indian-born British economist Meghnad Desai passed away at the age of 85 on Tuesday. Prime Minister Narendra Modi condoled Desai's death on X, saying, 'Anguished by the passing away of Shri Meghnad Desai Ji, a distinguished thinker, writer and economist. He always remained connected to India and Indian culture. He also played a role in deepening India-UK ties. Will fondly recall our discussions, where he shared his valuable insights. Condolences to his family and friends. Om Shanti.' Born in Vadodara in 1940, Desai earned his PhD in economics from the University of Pennsylvania in 1963. He moved to London in 1965, joining the London School of Economics as a lecturer and later becoming a professor and professor emeritus. In 1991, he was appointed to the House of Lords as a Labour Party peer. He received the Padma Bhushan from the Indian government in 2008.

Meghnad Desai, eminent economist, passes away; PM Modi expresses condolences
Meghnad Desai, eminent economist, passes away; PM Modi expresses condolences

Time of India

timean hour ago

  • Business
  • Time of India

Meghnad Desai, eminent economist, passes away; PM Modi expresses condolences

Meghnad Desai served as emeritus professor of economics at the London School of Economics, teaching there from 1965 to 2003. House of Lords member Meghnad Desai passed away on Tuesday at the age of 84. Meghnad Desai was a distinguished economist. Hailing from Gujarat, India, Desai served as emeritus professor of economics at the London School of Economics, teaching there from 1965 to 2003. Prime Minister Narendra Modi expressed his condolences on X: "Anguished by the passing away of Shri Meghnad Desai Ji, a distinguished thinker, writer and economist. He always remained connected to India and Indian culture. He also played a role in deepening India-UK ties. Will fondly recall our discussions, where he shared his valuable insights. Condolences to his family and friends. Om Shanti." Following his master's degree from the University of Bombay (now Mumbai), Desai pursued doctoral studies at the University of Pennsylvania in 1960, completing his PhD within three years. On April 30, 1991, he received the title Lord Desai of St Clement Danes. His influence extended across academic and political spheres in Britain through his roles as an LSE professor, Labour politician and honorary associate of the National Secular Society. Desai founded the Centre for the Study of Global Governance at the LSE in 1992. He also served as director and founding member of the LSE's Development Studies Institute from 1990 to 1995, according to an ET report. Desai conducted extensive research for more than five decades, focusing on how private enterprises and government policies influenced development. His work encompassed Marxian economics, globalisation, and market liberalisation. In the early 1970s, he began publishing works on Marxian Economic Theory, later expanding his academic pursuits to include econometrics, monetarism, and economic development. His published works include significant titles such as 'Marxian Economic Theory', 'Marx's Revenge: The Resurgence of Capitalism and the death of Statist Socialism', 'The Rediscovery of India', 'Who Wrote the Bhagwadgita' and 'Nehru's hero Dilip Kumar'. His academic contributions also include over 200 scholarly articles. As an active participant in the British Labour Party, Desai served as Chairman from 1986 to 1992. Near the conclusion of his chairmanship, he received the title of Baron Desai in the City of Westminster in April 1991. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025

‘Deepened India-UK Ties': PM Modi Mourns Economist Meghnad Desai's Demise
‘Deepened India-UK Ties': PM Modi Mourns Economist Meghnad Desai's Demise

News18

timean hour ago

  • Business
  • News18

‘Deepened India-UK Ties': PM Modi Mourns Economist Meghnad Desai's Demise

Last Updated: Eminent economist Meghnad Desai passed away at 84. PM Modi expressed condolences, noting Desai's role in strengthening India-UK ties. Desai was a renowned author and academic. Eminent economist Meghnad Desai passed away at the age of 84 on Tuesday. Prime Minister Narendra Modi expressed condolences over Desai's death and said he played a role in deepening India-UK ties. 'Anguished by the passing away of Shri Meghnad Desai Ji, a distinguished thinker, writer and economist. He always remained connected to India and Indian culture. He also played a role in deepening India-UK ties. Will fondly recall our discussions, where he shared his valuable insights. Condolences to his family and friends. Om Shanti," PM Modi wrote in a post on X. Who Was Meghnad Desai? Meghnad Desai was a renowned economist, author, and British parliamentarian whose intellectual influence spanned continents. Born in Gujarat in 1940, Desai built a formidable academic career at the London School of Economics, where he taught for nearly four decades and made significant contributions to development economics, Marxian theory, and global governance. A prolific writer, he authored over 200 academic papers and several influential books, including Marx's Revenge and The Rediscovery of India. His sharp intellect and contrarian thinking made him a respected—often provocative—voice in both scholarly and policy circles. Desai was appointed a life peer in the UK's House of Lords in 1991 and remained deeply engaged in public life, using his platform to foster stronger India–UK ties. Despite spending much of his career abroad, he retained a strong connection to India through his writing, commentary, and the establishment of the Meghnad Desai Academy of Economics in Mumbai. Awarded the Padma Bhushan in 2008, Desai remained a steadfast believer in open debate, cultural dialogue, and academic freedom. Until his passing in 2025, he continued to challenge orthodoxies and inspire new generations of economists and thinkers. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Renowned economist and author Meghnad Desai dies at 85
Renowned economist and author Meghnad Desai dies at 85

New Indian Express

timean hour ago

  • Business
  • New Indian Express

Renowned economist and author Meghnad Desai dies at 85

The eminent Indian-born British economist Meghnad Desai has died at the age of 85. Born in Vadodara in 1940, Desai completed his PhD in economics from the University of Pennsylvania in 1963. He moved to London two years later, becoming a lecturer at the London School of Economics. He later became a professor and then a professor emeritus there. Desai was nominated to the House of Lords in 1991 as a Labour Party peer. He was also awarded the Padma Bhushan by the Indian government in 2008. He has written numerous books on economics as well as other subjects. His last work published in 2022 was titled 'The Poverty of Political Economy: How Economics Abandoned the Poor'. Desai also published a biography of film star Dilip Kumar titled 'Nehru's Hero: Dilip Kumar in the Life of India' in 2004. PM Narendra Modi condoled Desai's death on social media platform X, saying, "Anguished by the passing away of Shri Meghnad Desai Ji, a distinguished thinker, writer and economist. He always remained connected to India and Indian culture. He also played a role in deepening India-UK ties. Will fondly recall our discussions, where he shared his valuable insights. Condolences to his family and friends. Om Shanti."

Lord Meghnad Desai passes away; PM Modi expresses anguish over demise of renowned economist and author
Lord Meghnad Desai passes away; PM Modi expresses anguish over demise of renowned economist and author

Mint

timean hour ago

  • Business
  • Mint

Lord Meghnad Desai passes away; PM Modi expresses anguish over demise of renowned economist and author

Lord Meghnad Desai, an eminent economist and House of Lords member, passed away on Tuesday. Prime Minister Narendra Modi expressed anguish over Desai's death, stating how the economist 'played a role in deepening India-UK ties.' 'Anguished by the passing away of Shri Meghnad Desai Ji, a distinguished thinker, writer and economist. He always remained connected to India and Indian culture. He also played a role in deepening India-UK ties. Will fondly recall our discussions, where he shared his valuable insights. Condolences to his family and friends. Om Shanti," PM Modi posted on X, along with a photo of the prominent economist. Born in Gujarat's Vadodara, Meghnad Desai was the emeritus professor of Economics at the London School of Economics. In 1992, Desai established the Centre for the Study of Global Governance at the eminent institution. Sanjeev Sanyal, an economist and member of Prime Minister Narendra Modi's Economic Advisory Council, also condoled Lord Meghnad Desai's death. 'Very sorry to hear that eminent economist Meghnad Desai has passed away. I had known him for over two decades. He was always cheerful and open to new ideas. I will cherish the many long discussions and debates that we had over the years. Om Shanti,' Sanjeev Sanyal posted on X. (This is a developing story. Keep checking for more updates)

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