Message From the Chairman  Economics education in India has not kept pace with developments in the workplace. There is a dearth of post-graduate programs which marry strong theoretical foundations with applied skills necessary for a rapidly globalizing economy. In particular, the Global Financial Crisis and the rise of Big Data have generated a need for a more practical education where students of economics and finance develop a new toolkit to analyze and address real-world problems. The Meghnad Desai Academy of Economics has been established as an institution of excellence to provide graduate students with the academic rigor and applied skills to meet the needs of a dynamic and globalized workplace. The programs have substantial input and participation by top-ranking corporates to improve the employability of students.

About Us

The Meghnad Desai Academy of Economics (MDAE) has been established in Mumbai to cater to the growing demand for practitioner or “market” economists in industry, policy think tanks and government. As the Indian economy grows and further integrates with the rest of the world, this demand will only multiply. MDAE focusses on “liberating minds” of the students so that they can take on a multitude of challenges. It does so by focussing not just on theoretical rigour but also on practical intuition and by adopting an interdisciplinary nature of learning. This way it teaches students “How to think?” instead of “What to think?” The Academy has been initiated by some of India’s leading economists and financial professionals that sit on our Academic and Advisory boards, bringing in rich corporate experience and wisdom to all our programs. Now in it’s third academic year, MDAE has been attracting some of India’s leading undergraduate students as well as young working professionals for its programs. Furthermore, because we are training students for the real world, our program pays a great deal of attention to developing each student in a holistic way – intellectually as well as interpersonally, which is made possible due to our low student/faculty ratio. MDAE largely operates in 3 spaces – Full time programs, Part-time Programs and well as short term trainings for students/corporates


Adaptive practitioner designed curriculum


In thought process, Learning and Outcome


What we say is what we do


To opportunities experts and Life long mentorship


Data Analytics

  • Machine Learning
  • Time Series
  • Bayesion Econometrics


  • Financial Statement Analysis
  • Corporate finance
  • Investments

Public Policy

  • Behavioral & Experimental Economics
  • Public Policy of Development
  • International Political Economy

Our Faculty

Indradeep Ghosh

Dean (Faculty) and Associate Professor

Indradeep Ghosh has a PhD in Economics from MIT and has taught for 8 years at Haverford college, a 4 year liberal arts college located in Philadelphia, PA.

Shailesh Goregaokar

Visiting Faculty

Shailesh Goregaokar has a Masters in Mathematics and a Masters in Computer Science from IIT Bombay. He worked in the IT industry for almost 30 years before taking up his passion, teaching. As a part of the corporate world, he organized and taught in technical training programs.

Shagata Mukherjee

Assistant Professor

Prof. Mukherjee has completed his PhD at Georgia State University's Andrew Young School of Policy Studies. Prof. Mukherjee's main scholarly interests are in development economics, behavioural and experimental economics and public policy.

Academic Board

Dr. Ajit Ranade

Chief Economist, Aditya Birla Group

He has a PhD in Economics from Brown University, B.Tech in Electrical Engineering from Indian Institute of Technology, Bombay and is an alumnus...

Dr. Tushar Poddar

Member Academic Board

Tushar was an economist at the International Monetary Fund based out of Washington, DC for five years covering Emerging Markets...

Dr. Niranjan Rajadhyaksha

Research Director, IDFC Institute

He teaches contemporary Indian economics in the GCPP program. He is the author of The Rise of India: Its Transformation from Poverty to Prosperity...


Asher John

The MDAE experience is indeed one of its kind in the manner through which it emboldens us to think critically. Just a few months into the course, I find myself Read More

November 22, 2017

Guntaas Uppal

It was the thought-provoking and informative Speaker Series organised by MDAE, that brought me to join the institution in the first place. The curriculum offered at MDAE is a kind Read More

December 6, 2017

Gargi Kamath

The educational curriculum at MDAE, which focused on theoretical foundations and its relevance in understanding a series of economic phenomena helped me gain a grounding for the research interests. The Read More

March 22, 2019

You can download our application form here or alternatively apply online Download PDF


You can download our application form here or alternatively apply online Download PDF

Alternatively request a printed copy by sending an email at


Alternatively request a printed copy by sending an email at

You can download our application form here or alternatively apply online Download PDF


You can click here to Entrance Test Registration. Next Entrance Test Date: 29th March 2019

Have Questions?

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contact a course advisor at

022 – 6012 6001



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You can download our application form here or alternatively apply online Download PDF

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During weekday office hours you are welcome to come to our campus at World Trade Center in Cuffe Parade & talk to a course advisor

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