Kiran Desai is the most promising young writer of the contemporary arena of Indian diasporic literature. She is a daughter of Anita Desai who is also diaspora writer in Indian English Writing. She came into focus with the publication of Fifty Years of Indian Writing, anthology with Salman Rushdie and her second novel ‘The Inheritance of Loss’, which won prestigious Man Booker Prize in 2006. Kiran Desai unfolds love story of Sai and Gyan with great compassion and intimacy, commenting on many issues of globalization. Marginalization has created many problems of self-consciousness among the third world countries. Loss of self and recovery is the major issue of the narratives created during the era. This article examines the depiction of love, loss, longing and lost identity in the novel of Anita Desai, Inheritance of Loss. Desai has created her story enveloping her characters into the different fabrics to make a complete story. Her power of dialogues, plot construction, etc., are quite remarkable. .