Stockholm | Jagran News Desk: Prime Minister Narendra Modi on Monday congratulated the Noble Prize for Economics awardee Indian-American Abhijit Banerjee for his outstanding contributions in alleviating the poverty globally.
"Congratulations to Abhijit Banerjee on being conferred the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. He has made notable contributions in the field of poverty alleviation," PM Modi said in a Tweet.
Congratulations to Abhijit Banerjee on being conferred the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. He has made notable contributions in the field of poverty alleviation.
— Narendra Modi (@narendramodi) October 14, 2019
Indian-American economist Abhijit Banerjee was awarded the Nobel Memorial Prize for Economic Sciences on Monday.
Banerjee, along with Esther Duflo and Michael Kremer, was awarded Nobel prize "for their experimental approach to alleviating global poverty." Abhijit is an American citizen while Duflo is a French-American and Kremer is an American citizen.
"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," said the Nobel committee in a statement.
Abhijit, 59, was born in India and did his Ph.D. at Harvard University in Cambridge in 1988. He is currently a Professor of Economics at Massachusetts Institute of Technology in the US.
Abhijit completed his BS degree in economics from South Point School and Presidency College in Kolkata in 1981. After that, he completed his MA in economics from Jawaharlal Nehru University in 1983. In 1988, he went to the US to complete his Ph.D.
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He is also the co-founder of the Abdul Latif Jameel Poverty Action Lab which is a research affiliate of Innovations for Poverty Action, and a member of the Consortium on Financial Systems and Poverty.
Banerjee has also served on the UN Secretary General's high-level panel of eminent persons on the post-2015 development agenda. He is also the author of a large number of articles and four books, including Poor Economics, which won the Goldman Sachs Business Book of the Year. He has also directed two documentary films.