Abhijit Banerjee in ‘Dhoti’ and Esther Duflo in ‘Saree’ at Nobel Prize Award Ceremony in Stockholm

Abhijit Banerjee, Esther Duflo and Michael Kremer at Nobel Prize award winning ceremony . (Credit -Twitter)

Digital Desk , Oslo : Indian-American economist Abhijit Banerjee, along with his wife Esther Duflo and fellow economist Michael Kremmer , were awarded the 2019 ‘Nobel Prize’ in Economic Sciences for their ‘experimental approach to alleviating global poverty’ .

According to the Royal Swedish Academy of Sciences, their experiment based approach had transformed development economics over the course of two decades , turning it into a ‘flourishing field of research’ . At the Nobel Prize award ceremony in Oslo , Mr. Abhijit Banerjee wore a traditional ‘dhoti’ and a bandhgala jacket ; his wife Esther Duflo chose a blue Saree . Michael Kremer wore a suit .

Watch Abhijit Banerjee, Esther Duflo and Michael Kremer receive their medals and diplomas at the #NobelPrize award ceremony today. Congratulations!

They were awarded the 2019 Prize in Economic Sciences “for their experimental approach to alleviating global poverty.” pic.twitter.com/c3ltP7EXcF

— The Nobel Prize (@NobelPrize) December 10, 2019

First reaction after getting the #NobelPrize for Economic Sciences! Why cladded in dhuti & panjabi?Why denied the Nobel specific “white tie & tails or tail coat? #AbhijitBanerjee answered – “Why should I?” Kudos.Respect.Hats off! #GKSS #sangesuman বাঙালির বিশ্বজয়,তৃতীয় পর্ব 8pm pic.twitter.com/Jy6P4yxo2b

— Sange Suman (@IamSumanDe) December 10, 2019

Abhijit Banerjee and Esther Duflo, who have been married for over four years now, work at the Massachusetts Institute of Technology (MIT), Cambridge, MA, US.

French-American Duflo is only the second female Economics winner in the prize’s 50-year history, as well as the youngest at 46.

Abhijit Banerjee is the second Indian to receive the Nobel Prize in economics after Amartya Sen. Born on February 21, 1961, in Kolkata, Banerjee, 58, attended South Point School and Presidency College, where he completed his BS degree in Economics. Banerjee has done his MA in Economics from Jawaharlal Nehru University (JNU), Delhi. He did his PhD from Harvard University, Cambridge, US.

Banerjee is also the co-founder of the Abdul Latif Jameel Poverty Action Lab along with Duflo and Sendhil Mullainathan. He also served on the UN Secretary-General’s High-level Panel of Eminent Persons on the Post-2015 Development Agenda.