How Banerjee-Duflo's economics is relevant for India



For Duflo and Banerjee, an important part of their work has been ensuring that the agency of the “beneficiaries” — usually, in developing countries like India, poorer individuals — is put at the centre of any policy design.



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'Innovative field research in India helped Banerjee'



This year’s Laureates have shown how the problem of global poverty can be tackled by breaking it down into a number of smaller – but more precise – questions at individual or group levels, he Royal Swedish Academy of Sciences said.



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Indian economy is on a shaky ground: Abhijit Banerjee



‘In the last five-six years, at least we could witness some growth, but now that assurance is also gone,’ Banerjee told a news channel from the US.



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MIT congratulates Abhijit Banerjee, wife Esther Duflo



MIT, in a release, said the ‘work of Duflo and Banerjee has emphasised the use of field experiments in research, to bring the principles of laboratory-style randomised, controlled trials to empirical economics’.



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Abhijit Banerjee, the desi who won Nobel in economics



On Monday, the Royal Swedish Academy of Sciences announced that Abhijit Banerjee, Esther Duflo and Michael Kremer had won the 2019 Nobel Prize for economics “for their experimental approach to alleviating global poverty”.



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Abhijeet Banerjee, 2nd Presidency alumni to win Nobel



Amartya Sen was the other Presidency alumni to win the Economics Nobel.



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Abhijit Banerjee, 2 others win 2019 Nobel in Economics



Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.



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'We need India-centric solutions, not Harvard-centric'



‘The government is sincerely working on employment generation. Unfortunately, they are depending on these people from Harvard. Their wrong policies are killing jobs. The government has to come out of the Western framework on which they depend upon a lot.’



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Subramanian's GDP claim has stirred up hornet's nest



Subramanian’s paper comes at a time when concerns have been raised in various quarters about the official economic growth numbers.



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