PM Modi congratulates MIT Economist Abhijit Banerjee on his Nobel Winning Prize for ‘approach to elevate poverty’


Stockholm | Jagran Information Workdesk:  Prime Minister Narendra Modi on Monday congratulated the Respectable Prize for Economics awardee Indian-American Abhijit Banerjee for his outstanding contributions in alleviating the poverty globally.

“Great job to Abhijit Banerjee on being conferred the 2019 Sveriges Riksbank Prize in Monetary Sciences in Recollection of Alfred Nobel. He has produced significant contributions in the area of poverty alleviation,” PM Modi said within a Tweet.

Congrats to Abhijit Banerjee on getting conferred the 2019 Sveriges Riksbank Prize in Economic Sciences in Recollection of Alfred Nobel. He has made noteworthy contributions in the area of poverty alleviation.
— Narendra Modi (@narendramodi) October 14, 2019

Indian-American economist Abhijit Banerjee was awarded the Nobel Memorial Prize for Financial Sciences on Monday.

Banerjee, in addition to Esther Duflo and nbspMichael Kremer, was granted Nobel prize “for their experimental method of alleviating worldwide poverty.” Abhijit is definitely an American resident while Duflo is a French-American and Kremer is an American individual.

“The investigation carried out by this year’s Laureates has considerably enhanced our capability to combat global poverty. In just two years, their new try things out-based method has converted development economics, which is now a prospering field of research,” mentioned the Nobel committee in a assertion.

Abhijit, 59, came to be in India and did his Ph.D. at Harvard College in Cambridge in 1988. He is currently a Professor of Economics at Massachusetts Institute of Technologies in the united states.
Abhijit accomplished his BS education in economics from South Level College and Presidency University in Kolkata in 1981. Next, he completed his MA in economics from Jawaharlal Nehru University in 1983. In 1988, he went along to the usa to finish his Ph.D.

He is also the co-founder of the Abdul Latif Jameel Poverty Motion Laboratory which is a research internet affiliate of Enhancements for Poverty Action, and a member of the Consortium on Economic Techniques and Poverty.

Banerjee has also served around the UN Secretary General’s substantial-stage board of eminent individuals around the article-2015 improvement agenda. He is also the article writer of a lot of content articles and four textbooks, which includes Poor Economics, which earned the Goldman Sachs Company Reserve of the season. He has also directed two documentary films.

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