Professor Abhijeet Banerjee receives Nobel Prize/ Twitter: @NobelPrize | Photo Credit: Twitter

Stockholm: Professor Abhijit Banerjee received the 2019 Nobel Prize in Economic Sciences for his experimental approach to alleviating global poverty. Indian-American Banerjee, who won the 2019 Nobel Prize for Economics with his wife Esther Duflo and Michael Kremer, has already announced that the trio will donate the prize money to the Weiss Fund for Research in Development Economics.

"The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. In just two decades, their new, experiment-based approach has transformed development economics, which is now a flourishing field of research," the organisation said on its website.

"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," official Twitter handle of the prize said in a post. Banerjee received the prize, followed by his wife Duflo.

The first-ever Nobel Prize Summit brings together Nobel Laureates and world-leading experts to put the spotlight on the future of our planet.



Learn more: https://t.co/BLXEP8eeIt pic.twitter.com/9SqWXWyhPs — The Nobel Prize (@NobelPrize) December 10, 2019

On October 14, shortly after Banerjee was conferred with the '2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel', PM Narendra Modi had congratulated him saying, "He has made notable contributions in the field of poverty alleviation. I also congratulate Esther Duflo and Michael Kremer for winning the prestigious Nobel."

"Congrats to Esther Duflo, Abhijit Banerjee, and Michael Kremer for winning this year’s @NobelPrize in economics. I’ve learned a lot from their pioneering work to better understand the complexities of the lives of the world’s poorest people," said Bill Gates.