The Indian‑born British economist, author and Labour peer, passed away at the age of 85.
Prime Minister Narendra Modi expressed condolence at his passing away sharing a photo from his X account.
"India will be a democracy, it will be... better economically than it is now. It may be high up globally in terms of GDP and even per capita income, if things go right." - Lord Meghnad Desai
He also said that there is a huge demand for data scientists.
Till the Government appoints a replacement for Patel as the Deputy Governor, it will have to appoint one among the three DG --- R Gandhi, SS Mundra and NS Vishwanathan --- to oversee the critical monetary policy aspect in the interim.
"It is a brilliant choice. Urjit Patel is the architect of the new monetary policy agreed upon by the Finance Minister and the RBI. He has a sharp mind and lots of experience in the bank. I congratulate the government on such an excellent choice," Indian-origin British politician and economist Meghnad Desai told PTI.
Terming the government's decision to go ahead with merger of SBI and its associate banks as a "right idea", eminent economist Meghnad Desai has said other PSU banks should also be merged from the current 24 to 3-4 large banks.
Speaking about his expectations from the PM Modi‘s visit, eminent economist Meghnad Desai said there is a need for India to start establishing a reputation for predictability and consistency in legislation and rules for foreign investors.
Meghnad Desai said India can achieve 8.5 percent growth over next the few years only if the government brings in more reforms in ease of doing business and create better skilled workforce. "I think the Modi regime are quite moderate while going for incremental reforms.
As the world struggles to get a grip on the situation, a panel including James Lamont, the South Asia bureau chief of The Financial Times; Paul Beckett, the South Asia bureau chief of The Wall Street Journal and Meghnad Desai, the emeritus professor of Economics Lord discuss the implications of all these issues.
After a peaceful but tense night in the UK, there are hopes that Britain may have ended five days of widespread rioting.
After Salman Taseer’s killing and the response to it many are asking if Pakistan is a Tinderbox Waiting to Explode. A book by that name analysing the past and future of the country was released yesterday by the Vice President.
The India Annual Series was born when Business Standard launched their books division four years ago and it has already got a niche for itself in the publishing calendar.