Mumbai-Born Abhijit Banerjee, Wife Esther Duflo Win Nobel For Economics

Indian-American Abhijit Banerjee, his wife Esther Duflo, and Michael Kremer will share the Economics Nobel prize for their "experimental approach to alleviating global poverty", the Swedish academy announced today. Mumbai-born Abhijit Banerjee of the US, his French-American wife Esther Duflo -- a former advisor to ex-US president Barack Obama -- and Michael Kremer of the US were honoured "for their experimental approach to alleviating global poverty," the jury said. (Video Courtesy: Brown University)