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Time of India
4 hours ago
- Business
- Time of India
Who was Meghnad Desai? Celebrated economist, LSE Professor Emeritus, and lifelong Labour Party voice who shaped global economics and British politics dies at 85
Meghnad Desai dies at 85—marking the end of an extraordinary life devoted to ideas, reforms, and bridging the worlds of economics, politics, and academia across India and the United Kingdom. Lord Meghnad Desai, the Indian-origin economist and member of the UK's House of Lords, passed away in London on July 29, 2025, leaving behind a rich intellectual legacy and decades of influence in public policy, education, and international relations. Known for his sharp insights, independent views, and relentless pursuit of truth, Desai was more than just a celebrated economist—he was a thinker who challenged orthodoxies and influenced generations of leaders, students, and scholars. Explore courses from Top Institutes in Please select course: Select a Course Category Degree healthcare Artificial Intelligence Healthcare Product Management PGDM Finance MCA CXO Operations Management Technology Data Science MBA Others Public Policy Cybersecurity Digital Marketing Leadership Data Science Project Management others Design Thinking Management Data Analytics Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details Early life in India shaped his global vision Born in Vadodara, Gujarat , on July 10, 1940 , Meghnad Jagdishchandra Desai grew up in a culturally rich and academically inclined family. His early years were shaped by a deep curiosity about social and economic inequality—something that would later define his work. He completed his graduation in economics from the University of Mumbai , before pursuing his PhD at the University of Pennsylvania . Under the guidance of prominent economists, Desai developed an early interest in development theory and macroeconomics, especially focused on underdeveloped economies and the structural forces behind poverty and inequality. Academic legacy at London School of Economics One of Meghnad Desai's most lasting contributions came during his time at the London School of Economics (LSE) . Joining the LSE faculty in 1965, he became one of the most respected voices in global economic circles. In 1983, he was promoted to Professor of Economics, and later became Professor Emeritus after retiring in 2003. Live Events Desai also founded the Centre for the Study of Global Governance at LSE in 1992, a pioneering institution that focused on international development, post-colonial state transitions, and global power dynamics. His academic work bridged classical economics, Marxian theory, and real-world applications of development economics. Students remember him not just as a professor but as a mentor who encouraged critical thinking and embraced multiple ideological lenses. His classes became hubs for discussions on capitalism, socialism, public finance, and policy-making in emerging economies. Entry into UK politics and the house of lords In 1991, Desai was elevated to the UK peerage and became Lord Desai of St Clement Danes , entering the House of Lords . His entry into British politics was significant—not just as a symbolic win for Indian-origin thinkers in the West, but as a practical platform for voicing economic and human development concerns at the highest levels. Initially aligned with the Labour Party, Desai held various local leadership roles, including Chair of the Islington South and Finsbury constituency from 1986 to 1992. However, in later years, he moved to the crossbenches to maintain his ideological independence and speak more freely on issues like socialism, economic inequality, and international cooperation. His interventions in the House of Lords were often focused on India-UK relations, development funding, immigration policies, and the impact of globalization on marginalized communities. A prolific author and a fearless economic thinker Throughout his life, Meghnad Desai remained a prolific writer and speaker. He authored more than a dozen books and published over 200 scholarly articles. His writings touched on a wide array of themes—from global capitalism and Marxist theory to Bollywood's role in shaping national identity. Some of his most well-known works include: Marxian Economic Theory (1973) Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism (2002) India Grows at Night: A Liberal Case for a Strong State (2013) Nehru's Hero: Dilip Kumar in the Life of India (2013) These books are not just academic texts—they are reflections of a deeply curious mind trying to understand the interplay of markets, governments, and human behavior. Desai was also a regular columnist for global newspapers and magazines, frequently writing about Indian politics , economic reforms , and the challenges of globalization . How Meghnad Desai's work impacted India-UK relations Lord Desai played a crucial role in strengthening India-UK diplomatic and intellectual ties. While he lived most of his life in the UK, he remained deeply connected to India—commenting on its politics, advising policymakers, and participating in key public debates. His analysis of India's liberalization journey in the 1990s, his support for policy reforms, and his balanced views on nationalism and globalization made him a go-to voice for both Indian and British media. Desai believed in the potential of democratic capitalism to deliver inclusive growth—provided it was backed by strong institutions and social safety nets. This made him a moderate voice amid rising populism on both ends of the ideological spectrum. Accolades and awards that celebrated his global contributions In 2008, the Government of India awarded Lord Meghnad Desai the Padma Bhushan , the country's third-highest civilian honor, in recognition of his service in public affairs and economics. In addition, he received honorary doctorates from several international universities and held advisory roles in major global organizations, including the United Nations and World Bank. Despite all his accolades, Desai remained approachable and deeply engaged in public life—often found debating on television panels, participating in student conferences, and writing columns that simplified complex issues. Meghnad Desai's death and the wave of tributes Lord Meghnad Desai passed away in London on July 29, 2025 , at the age of 85. While the cause of death was not publicly disclosed, reports suggest he passed peacefully surrounded by family. His death triggered a wave of heartfelt tributes from across the world. Indian Prime Minister Narendra Modi called him a 'distinguished thinker and reformer' and praised his lifelong effort to deepen India-UK relations. Former Reserve Bank of India Governor Raghuram Rajan remembered him as a "fearless intellect who always asked the uncomfortable questions." Academics and students from around the world shared memories of his generosity, clarity, and relentless curiosity. Meghnad Desai's life defied labels. He was a Marxist who praised market reforms. A British parliamentarian who deeply loved India. An academic who spoke like a journalist. A professor who never stopped learning. His greatest legacy is not just in the books he wrote or the speeches he delivered—but in his fearless commitment to truth, reason, and intellectual freedom. Why meghnad desai's legacy still matters today As the world grapples with rising inequality, fragile democracies, and the clash of ideologies, Meghnad Desai's voice remains more relevant than ever. He believed in bridging extremes, in listening more than shouting, and in putting people at the center of economic thinking. His life was a shining example of how ideas—when rooted in empathy and courage—can shape the destiny of nations. FAQs: Q1: When did Meghnad Desai die and how old was he? Meghnad Desai died on July 29, 2025, at the age of 85. Q2: Why was Meghnad Desai famous? He was a world-renowned economist, author, and House of Lords member known for his work in development economics and India-UK relations.
Indian Express
5 hours 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.
Time of India
5 hours 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
News18
5 hours 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.
New Indian Express
5 hours 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."
