STOCKHOLM: Indian-American Abhijit Banerjee on Monday won the Nobel Prize for Economics, joining the list of Indians and people of Indian origin to grab the world's most prestigious award in different fields.
Banerjee shared the award with his French-American wife Esther Duflo and another American economist Michael Kremer for their "experimental approach to alleviating global poverty."
Born in Mumbai, the 58-year-old economist is currently the Ford Foundation International Professor of Economics at the US-based Massachusetts Institute of Technology (MIT).
He studied at the University of Calcutta and Delhi's Jawaharlal Nehru University before receiving his PhD in 1988 from Harvard University.
Banerjee joins the list of Indians and people of Indian origin who have received the prestigious Nobel prize in fields like Physics, Chemistry, Peace, Economic Sciences and Medicine.
Between 1901 and 2018, the award has been given 590 times to 935 laureates and organisations.
The prize includes 9 million-kronor (USD 918,000) cash, a gold medal and a diploma.