What the Economics Nobel should mean for Indian public policy | The Indian Express

What the Economics Nobel should mean for Indian public policy | The Indian Express

Written by Vineet John Samuel |Updated: October 15, 2019 6:05:49 pm

The author is a policy commentator based out of the National Law School of India University, Bangalore.

What the Economics Nobel should mean for Indian public policy

India has constantly struggled with the endemic crises of poverty and gross wealth inequality, and the work done by Banerjee and Duflo through the Jameel Poverty Action Lab (J-PAL) has looked at tackling the former, in a manner that breaks away from traditional classical approaches to the dilemma.

Abhijit Banerjee and Esther Duflo, two of the three winners of the 2019 Nobel Prize in Economics (Reuters)

With the Nobel Prize for Economics in 2019 going to Abhijit Banerjee, Esther Duflo and Michael Kremer, the Nobel Committee has formally recognised two decades of pioneering economic work that has direct implications for policymakers around the world, none more so, than those in developing countries like India.