Economics
Economics is the study of scarcity and its implications for the use of resources, growth and production of goods and services, and other complex issues that are of vital concern to society. Today, economics research is incorporating tools such as machine learning. The Infosys Prize in Economics awards interdisciplinary work in behavioral economics, public finance, corporate governance, and policy design among others.
In 2024, Humanities and Social Sciences were combined into one category, and Economics is a separate category. Please visit these links to view previous laureates: Humanities (2012-2023), Social Sciences (2009-2023).
Laureates
Social Sciences 2023
Karuna Mantena
Professor, Political Science, Columbia University, USA and Co-Director, Conference for the Study of Political Thought
Read MoreSocial Sciences 2022
Rohini Pande
Henry J. Heinz II Professor of Economics and Director, Economic Growth Center, Yale University
Read MoreSocial Sciences 2021
Pratiksha Baxi
Associate Professor, Center for the Study of Law and Governance, Jawaharlal Nehru University, New Delhi, India
Read MoreSocial Sciences 2020
Raj Chetty
William A. Ackman Professor of Economics, Harvard University and Director of Opportunity Insights, US
Read MoreSocial Sciences 2019
Anand Pandian
Professor, Department of Anthropology, Krieger School of Arts & Sciences, Johns Hopkins University
Read MoreSocial Sciences 2018
Sendhil Mullainathan
University Professor, Professor of Computation and Behavioral Science, and George C. Tiao Faculty Fellow, The University of Chicago Booth School of Business
Read MoreSocial Sciences 2017
Lawrence Liang
Professor, School of Law, Governance and Citizenship, Ambedkar University, Delhi
Read MoreSocial Sciences 2016
Kaivan Munshi
Frank Ramsey Professor of Economics, University of Cambridge, UK
Read MoreSocial Sciences 2015
Srinath Raghavan
Senior Fellow, Centre for Policy Research, New Delhi
Read MoreSocial Sciences 2014
Esther Duflo
Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics, Department of Economics, MIT, and Founder and Director, Abdul Latif Jameel Poverty Action Lab, Cambridge, USA
Read MoreSocial Sciences 2013
Aninhalli R. Vasavi
Senior Fellow, Nehru Memorial Museum and Library, New Delhi
Read MoreSocial Sciences 2012
Arunava Sen
Professor, Economics and Planning Unit, Indian Statistical Institute, New Delhi
Read MoreJury
Kaushik Basu
Professor of Economics and the Carl Marks Professor of International Studies, Cornell University and Former Chief Economist and Senior Vice President, World Bank
View MoreEconomics 2024
Kaushik Basu is Professor of Economics and the Carl Marks Professor of International Studies at Cornell University. Prof. Basu is a former Chief Economist and Senior Vice President of the World Bank. Basu is the second World Bank Chief Economist from a developing country and the first from India. Prior to joining the World Bank, he served as Chief Economic Adviser to the Government of India. Prof. Kaushik Basu is a Fellow of the Econometric Society and received India's Padma Bhushan award as well as the National Mahalanobis Memorial award. He is currently President of the International Economic Association. Prof. Basu's contributions span development economics, welfare economics, industrial organization and game theory. In addition to Cornell, he has taught at the Delhi School of Economics, Harvard, Princeton and MIT. Prof. Kaushik Basu has published widely in academic journals and has contributed articles to many widely read magazines and newspapers. He has written several books including Beyond the Invisible Hand: Groundwork for a New Economics (Princeton University Press and Penguin); and An Economist in the Real World: The Art of Policymaking in India (MIT Press). Prof. Basu holds a Ph.D. in Economics from the London School of Economics. He has received honorary doctorates from several institutes, including IIT-Bombay, and Fordham University, New York. He was recipient of the 2021 Humboldt Research Award for Economics, given by the Humboldt Foundation, Berlin.
Eliana La Ferrara is currently Professor of Public Policy at Harvard Kennedy School. A renowned economist, Prof. Eliana La Ferrara’s research interests lie in the field of development economics, with a focus on the role of political and social factors in economics. She has studied ethnic diversity, kin structure and social norms, aspirations and the effects of television on social outcomes. She has also investigated political constraints to development, with particular focus on violent conflict in Africa. Prof. La Ferrara’s work has been published in the American Economic Review, Econometrica, The Quarterly Journal of Economics, Journal of Development Economics, American Economic Journal: Applied Economics, and the Journal of the European Economic Association.
La Ferrara earned her Ph.D. in Economics from Harvard University in 1999 and was previously the Fondazione Invernizzi Chair in Development Economics at Bocconi University. She holds many honors and fellowships, such as: Foreign Honorary Member of the AEA, International Honorary Member of the American Academy of Arts and Sciences, and Fellow of the Econometric Society. Prof. La Ferrara is currently the President of the Econometric Society and has been President of the European Economic Association and of the Bureau for Research in the Economic Analysis of Development (BREAD). She is the Program Director for Development Economics at the Centre for Economic Policy Research (CEPR) and the Director of the Laboratory for Effective Anti-poverty Policies (LEAP) at Bocconi. Prof. Eliana La Ferrara is the recipient of the 2020 Birgit Grodal Award and of numerous grants, including from the European Research Council (ERC), the European Commission, and USAID DIV. She is an affiliate of J-PAL and regularly works with major international organizations and NGOs to evaluate the effectiveness of development policies.
Seema Jayachandran is Professor of Economics and Public Affairs at Princeton University. Prof. Jayachandran’s research focuses on environmental conservation, gender equality, health, and other microeconomic topics in developing countries.
Prof. Seema Jayachandran has a bachelor's degree in electrical engineering from MIT, and a master's degree in physics and philosophy from the University of Oxford where she was a Marshall Scholar. She received her Ph.D. in Economics from Harvard University.
Prior to joining Princeton, Prof. Seema Jayachandran taught at Northwestern University and Stanford University. She serves on the board of directors of the Abdul Latif Jameel Poverty Action Lab (J-PAL) and leads J-PAL's gender sector. Prof. Jayachandran is also co-director of the National Bureau of Economic Research's program in Development Economics and co-editor of American Economic Review: Insights. She also serves on CARE's board of directors.
Sudipta Sarangi is Professor & Department Head at the Department of Economics, Virginia Tech. Prior to joining Virginia Tech, he was a Distinguished Professor of Business Administration at Louisiana State University and a Program Director at the National Science Foundation. He spent the 2023-24 academic year at the Collegium de Lyon as a Fellow of the French Institutes for Advanced Study. His research interests range from network theory, experimental and behavioral economics to development economics.
After obtaining his B.A. in Economics from the University of Delhi, and an M.A. in Economics from the Delhi School of Economics, Prof. Sarangi received his Ph.D. in Economics from Virginia Tech.
He has been a consultant to organizations like the World Bank and FAO. Besides publishing in a wide range of journals, he currently serves on various editorial boards including journals like Journal of Economic Behavior and Organization, Journal of Public Economic Theory, Oxford Open Economics and Economic Modelling. While he has published a number of academic books, his book The Economics of Small Things which explains economics using everyday phenomena aimed at non-economists was released by Penguin India in 2020.
Tridip Ray is Professor in the Economics and Planning Unit at the Indian Statistical Institute, Delhi. After obtaining a B.Sc. in Economics from Presidency College, University of Calcutta and in M.A. in Economics from the Delhi School of Economics, Prof. Tridip Ray received his Ph.D. in Economics from Cornell University. His areas of research include economic development and growth, inequality, financial development, economics of education, and applied microeconomics.
Prof. Ray’s publications include Markets, Governance, and Institutions in the Process of Economic Development, (co-edited with Ajit Mishra), Oxford University Press: Oxford, 2017 and New and Enduring Themes in Development Economics, (co-edited with Bhaskar Dutta and E. Somanathan), World Scientific: Singapore, 2009. He has co-authored several papers in various reputed journals.