PM Modi has extensive discussion with Nobel laureate Abhijit Banerjee

Extolling Nobel Laureate Abhijit Banerjee's achievements, PM Modi on Tuesday, met with renowned economists and had a healthy and extensive interaction on various subjects, in Delhi. He expressed India's pride in Banerjee's accomplishments. He also wished him luck in his future endeavors.

PM Modi meets Abhijit Banerjee

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Abhijit Banerjee and Esther Duflo win Nobel prize in Economics

Abhijit Banerjee, the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology won the Nobel Prize in Economics on October 14 along with Esther Duflo. They were awarded the honour for their experimental approach to alleviating global poverty. The Indian-American economist had completed his education at the University of Calcutta, Jawarharlal Nehru University, and then acquired his Ph.D. in 1988 from Harvard University. 

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What did he do to tackle poverty?

The 58-year old Nobel Laureate founded the Abdul Latif Jameel Poverty Action Lab (J-Pal) in 2003 along with another Prize winner, Duflo with the mission to reduce poverty by ensuring the policy is informed by scientific evidence. The foundation's policy analysis and outreach have helped governments, NGOs, donors, and the private sector apply evidence from randomised evaluations to their work, and contributes to public discourse to some of the most pressing questions in social policy and international development. Banerjee has combined 15 years of his research from China to India, Kenya to Indonesia, and identified various aspects of the behaviour of the poor and their needs.

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