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He has been appointed the Literary Director of the JCB Prize for Literature founded in 2018 by JCB which will be awarded annually with 25 lakh Indian rupees (US$38,400) to a distinguished work of fiction by an Indian writer. Dasgupta was awarded prestigious award Rabindranath Tagore Literary Award 2019 for his novel solo.

Dasgupta is currently working on a book about a proposed crisis of the nation-state system. In March 2017 he co-curated a major conference and exhibition at the Haus der Kulturen der Welt in Berlin with the title "Now is the time of monsters: what comes after nations?"

His third book, Capital: A Portrait of Twenty-First-Century Delhi (Canongate, 2014), is a non-fiction exploration of his adopted city of Delhi, and, in particular, the changes and personalities brought about there by globalization. Capital won the Ryszard Kapuściński Award for literary reportage and was shortlisted for the Orwell Prize and the Ondaatje Prize.

Since 2014, he has taught each spring at Brown University where he is Distinguished Visiting Lecturer and Writer-in-Residence in the Department of Modern Culture and Media.

In October 2012, Dasgupta was Whitney J. Oates Visiting Fellow in the Humanities at Princeton University.

Dasgupta's second novel, Solo (HarperCollins, 2009), was an epic tale of the 20th and 21st centuries told from the perspective of a 100-year-old Bulgarian man. Having achieved little in his 20th-century life, he settles into a long and prophetic daydream of the 21st century, where all the ideological experiments of the old century are over, and a collection of startling characters – demons and angels – live a life beyond utopia. A reviewer described it as "unfazed by the 21st century, confidently tracing the wrong turnings of the past 100 years, soaring insightfully over the mess of global developments that constitute the quagmire of today". Solo was translated into twenty languages.

Dasgupta's first novel, Tokyo Cancelled (HarperCollins, 2005), was an examination of the forces and experiences of globalisation. Billed as a modern-day Canterbury Tales, it is about thirteen passengers stuck overnight in an airport who tell thirteen stories from different cities in the world, stories that resemble contemporary fairytales, mythic and surreal. The tales add up to a broad exploration of 21st-century forms of life, which includes billionaires, film stars, migrant labourers, illegal immigrants and sailors. Tokyo Cancelled was shortlisted for the 2005 John Llewellyn Rhys Prize.

Rana Dasgupta (born 5 November 1971 in Canterbury, England) is a British Indian novelist and essayist. He grew up in Cambridge, England, and studied at Balliol College, Oxford, the Conservatoire Darius Milhaud in Aix-en-Provence, and, as a Fulbright Scholar, the University of Wisconsin–Madison. In 2010 The Daily Telegraph called him one of Britain's best novelists under 40. In 2014 Le Monde named him one of 70 people who are making the world of tomorrow. Among the prizes won by Dasgupta's works are the Commonwealth Prize and the Ryszard Kapuściński Award.