Indian American gets Nobel Prize for Economics| |
Indian origin economist Abhijit Banerjee – an alumnus of Jawaharlal Nehru University in New Delhi – will share the 2019 Nobel Prize in economic sciences with his colleague and wife Esther Duflo and fellow researcher Michael Kremer for their groundbreaking experiment-based research into how to reduce global poverty. Announcing the prize, the Nobel Prize Committee said, “The research conducted by this year`s Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research.” Banerjee was among the advisors to the Congress Party on its Nyuntam Aay Yojana or the NYAY scheme, proposed ahead of 2019 general elections, which pledged to distribute cash to 20% of India`s poorest families as a minimum guarantee program. Prime Minister Narendra Modi congratulated Banerjee on his honor, noting in a brief tweet that “he has made notable contributions in the field of poverty alleviation.
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