He won the Nobel Prize in Economics in 1998. His other awards include the Bharat Ratna, the highest civilian honor awarded by the President of India; the Senator Giovanni Agnelli International Prize in Ethics; the Alan Shawn Feinstein World Hunger Award; the Edinburgh Medal; the Brazilian Ordem do Merito Cientifico (Grã-Cruz); the Presidency of the Italian Republic Medal; the Eisenhower Medal; Honorary Companion of Honour (U.K.), and the George C. Marshall Award.