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.
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.