Nobel laureate Abhijit Banerjee has also joined the eminent list of Indians and people of Indian origin to bag one of the most illustrious awards in the world in various fields such as Physics, Chemistry, Peace, Economic Sciences and Medicine.

The Nobel Laureate Abhijit Banerjee's mother Nirmala Banerjee who is also an economist stated that he was hesitant to change his citizenship, adding that Banerjee was a book worm during his younger days.

Speaking to BusinessToday.IN earlier this year Dr Banerjee said that he had suggested a minimum income guarantee of Rs 2,500 per month, keeping in mind the fiscal discipline. However, the Congress announced a more expansive and ambitious Rs 6,000 crore a month with an outlay of Rs 3.60 lakh crore

Abjijit Banerjee awarded Nobel Prize: In 1988, Banerjee obtained his PhD in Economics from Harvard. The subject of his doctoral thesis was 'Essays in Information Economics'.

Abhijit Banerjee receives Nobel Prize: He has received the award along with economists Esther Duflo and Michael Kremer.

American Goodenough, at 97, becomes the oldest winner of a Nobel prize. He shared the award equally with Whittingham from Britain and Yoshino of Japan

As per media report, Angus Deaton, the British economist who won the Nobel Prize in 2015, and French economist Thomas Piketty are advising the Congress on its ambitious minimum income guarantee scheme. The other people rumoured to be consulted are economist Abhijit Banerjee and former RBI governor Raghuram Rajan.

CEOs and economists suggest ways to revive India's economy