NOBEL …Nobel Prize in Economics conferred on Abhijt Banerjee, wife Duflo and colleague Kremer

NEW DELHI: Dressed in a bandhgala jacket and dhoti, Indian-American Economist Abhijit Banerjee on Wednesday took  the Nobel Prize in Economics at a glittering event in Sweden, amid standing ovation from the assembled audience.
Banerjee won the Nobel for his “experimental approach to alleviating global poverty.” His second wife and research associate Esther Duflo, who shared the prize, was too dressed in Indian style, wearing a blue sari. Their colleague Michael Kremmer wore a suit, reports received here said.
The award carried a cash of Rs 6.5crore, which will be shared among the three winners. The 58-year-old Banerjee, of Bengali descent with ancestral roots in Kolkata and having born in Mumbai, is the second Indian after Amartya Sen – another Bengali — to win the Nobel Prize in Economics. Both are alumnus of the Presidency College, which is now a University. 

Banerjee and Duflo are professors in Economics at the Massachusetts Institute of Technology (MIT), while Kremer is an Economics professor at Harvard University. Banerjee had visited India after he was named for the Nobel, and met Prime Minister Narendra Modi, among other top leaders here. —IHN-NN


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