Abhijit Banerjee Conceptualised 'Nyay' Scheme, Modinomics Now Boosting Poverty: Rahul Gandhi

Commending his experimental approach to reduce poverty, Congress interim President Sonia Gandhi said in a party statement, "Apart from making the nation of his origin proud by this spectacular achievement, Prof Banerjee and his fellow recipients' work in 'experimental approach to alleviating global poverty' had helped millions across the globe, including India, come out of poverty."

This photo obtained October 14, 2019 courtesy of the Massachusetts Institute of Technology(MIT) shows Abhijit Banerjee and Esther Duflo winners of the 2019 Nobel Prize for Economics at their home in Boston, Massachusetts on October 14, 2019. - A trio of American economists on October 14, 2019 won the Nobel Economics Prize for their work in the fight against poverty, including novel initiatives in education and healthcare, the Royal Swedish Academy of Sciences said. Indian-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."This year's laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty," the jury said. (Photo by Bryce VICKMARK / MIT / AFP)

New Delhi: Congress leader Rahul Gandhi on Monday congratulated Indo-American economist Abhijit Banerjee on winning the 2019 Nobel Economics Prize but also seized the opportunity to play politics on it. Congratulating Banerjee, Congress leader Rahul Gandhi on Twitter said he had helped the party conceptualise its "Nyay" scheme to help remonetise the economy, a poll plank of the grand old party in the run up to the 2019 general elections that didn't yield the desired result. Firing a barb at PM Narendra Modi on the country’s economic condition, the Gandhi said , "Instead, we now have Modinomics that's destroying the economy and boosting poverty." On the other hand, the Congress top brass congratulated the trio of Abhijit Banerjee, Esther Duflo and Michael Kramer upon receiving the Nobel Prize in Economic Sciences.

Congratulations to #AbhijitBanerjee on winning the Nobel Prize in Economics.

Abhijit helped conceptualise NYAY that had the power to destroy poverty and boost the Indian economy. Instead we now have Modinomics, that’s destroying the economy and boosting poverty. https://t.co/joBYusVFKT — Rahul Gandhi (@RahulGandhi) October 14, 2019

Commending his experimental approach to reduce poverty, Congress interim President Sonia Gandhi said in a party statement, "Apart from making the nation of his origin proud by this spectacular achievement, Prof Banerjee and his fellow recipients' work in 'experimental approach to alleviating global poverty' had helped millions across the globe, including India, come out of poverty." Banerjee's recognition as a Nobel laureate has delighted every Indian, she added. Born in 1961 in Mumbai, Bannerjee is a Ph.D. from Harvard University and a professor of economics at the Massachusetts Institute of Technology (MIT). His wife French-American Duflo also works at the US-based Massachusetts Institute of Technology (MIT) while Kremer is at Harvard University.