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Alagh (83) was an emeritus professor at the Sardar Patel Institute of Economic and Social Research here and was not keeping well for some time, his son Munish Alagh said.
Y K Alagh was born in Chakwal in present-day Pakistan in 1939 and studied at the University of Rajasthan. He had a doctorate degree in economics from the University of Pennsylvania.
He was also a former vice-chancellor of Jawaharlal Nehru University in Delhi. He was Union minister of state for Planning and Programme Implementation, Science and Technology, and Power during 1996-98.