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QWho was the first Indian to be awarded the Nobel Prize in Economic Sciences?

ID: #15220 Nobel Prizes - India 206 views
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  • A Amartya Sen ✔ ✖
  • B Abhijit Banerjee ✔ ✖
  • C Manmohan Singh ✔ ✖
  • D Muhammad Yunus ✔ ✖
Correct Answer: Option A

Explanation

Amartya Sen was the first Indian to receive the Nobel Prize in Economic Sciences. Born in 1933 in Bengal, India, Sen is renowned for his contributions to welfare economics and social choice theory.

In 1998, Sen was awarded the Nobel Prize in Economic Sciences for his work on poverty alleviation and development economics. He developed theories and frameworks that explored the complex interactions between poverty, inequality, and social welfare. Sen emphasized the importance of focusing on individuals' capabilities and freedoms to achieve meaningful development, rather than solely relying on economic indicators.

Sen's research has had a profound impact on policies addressing poverty, inequality, and human development. His insights have influenced global development agendas and shaped thinking in economics and related disciplines.

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