Trio Including Indian-American Abhijit Banerjee Share Economics Nobel Prize


Indian-American Abhijit Banerjee, Esther Duflo, and Michael Kremer will share the Economics Nobel prize for their “experimental approach to alleviating global poverty”, Abhijit Banerjee and Esther Duflo are married couple and Duflo is the second woman to win a nobel prize in Economics. Both are professors at the Massachusetts Institute of Technology (MIT) in the US, while Kremer is a professor at Harvard University.

Mumbai-born Abhijit Banerjee ko, his French-American wife Esther Duflo — a former advisor to ex-US president Barack Obama — and Michael Kremer of the US were honoured “for their experimental approach to alleviating global poverty,” the jury said.

In two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research, the academy said in the release.

The Laureates gets a prize amount of 9 million Swedish krona . Duflo, who is also the youngest person to ever receive the Economics Prize, told the Nobel committee in a phone interview that she was deeply humbled by this honour.


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