Amartya Sen On Abhijit Banerjee's Nobel Prize Win

58-year-old Banerjee bagged the coveted prize jointly with his wife Esther Duflo and another economist Michael Kremer for his “experimental approach to alleviating global poverty”.

“I think that the prize has been given to the most competent persons,” Sen said.

Banerjee is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology (MIT).

86-year-old Sen currently serves as professor of economics and philosophy at Harvard University, from where Banerjee received his PhD in 1988. Both of them had been students of the famed Presidency College, now a university, in the city during their undergraduate years.