New Delhi:Jawahar Lal Nehru University in New Delhi, where Indian economist Abhijit Banerjee attained his master's degree celebrated on Monday after Banerjee was awarded this year's Nobel Prize in Economics.
Some of his fellow students now teach at the same institution.
Praveen Jha, now a professor of developmental economics at JNU, expressed delight at the news that an Indian had been honoured in this way.
Jha was proud that JNU had contributed towards Banerjee's efforts to make the world a better place.
Expressing his happiness, Jha said, "His master's programme in JNU is something which I am sure contributed to his overall kind of intellectual framing, make-up etc and at least in some small measure contributed towards some of the basic intellectual concerns which he has sort of pursued subsequently, in particular in the area of poverty alleviation, in the area of how can the world be made a better place."
Banerjee, Esther Duflo and Michael Kremer - now at the Massachusetts Institute of Technology and Harvard University - were honoured for groundbreaking research into what works and what doesn't in the fight to reduce global poverty.
They revolutionised developmental economics by pioneering field experiments - something like pharmaceutical companies' drug tests - that generate practical insights into how poor people respond to educational, health care and other programmes meant to lift them out of poverty.
Their work in rural Kenya and in India, for instance, found that providing more textbooks, school meals and teachers didn't do much to help students learn more.