Indian-American Abhijit Banerjee wins 2019 Nobel Economics Prize

New Delhi, October 14, 2019:

Indian-American Abhijit Banerjee, Esther Duflo, and Michael Kremer has been jointly conferred the 2019 Nobel Economics Prize "for their experimental approach to alleviating global poverty."

Nobel committee in a statement 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.”

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58- years- old Abhijit Banerjee studied at the University of Calcutta, Jawaharlal Nehru University and received his Ph.D. in 1988 from Harvard University.

He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.

Banerjee founded the Abdul Latif Jameel Poverty Action Lab (J-PAL) in 2003 along with Duflo and Sendhil Mullainathan, and he remains one of the lab’s directors.

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He also served on the UN Secretary-General’s High-level Panel of Eminent Persons on the Post-2015 Development Agenda.

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