Indian-American Among 3 Awarded Nobel Prize For Economics

The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Indian-American Abhijit Banerjee along with Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.”

The Royal Swedish Academy of Sciences has announced the prize on Monday, 14 October.

Born in Kolkata, Banerjee is an alumnus of Centre for Economic Studies and Planning, JNU, New Delhi. MIT educated- Banerjee, who also has worked as Rahul Gandhi’s advisor, had said high inflation is good for economy and NYAY scheme will be funded by high taxes, inflation.

2019 Economic Sciences Laureate Esther Duflo, born in 1972, is the second woman and the youngest person to be awarded the Prize in Economic Sciences. MIT professor Duflo is married to Banerjee.