India, Oct. 19 -- Abhijit Banerjee, a professor of economics at MIT has been awarded this year's Nobel Prize in economics along with Esther Duflo and Michael Kremer. The Nobel committee has recognised "their experimental approach to alleviating global poverty...which has transformed development economics" while giving the award. In an interview with Hindustan Times on Saturday, Banerjee spoke about his academic work, anti-poverty programmes in India, the state of the economy and society, among other issues. Edited excerpts:

You did not begin your academic career with Randomised Control Trials (RCTs). Can you share your experiences and philosophical transformation which made you shift to this approach?

When I was a graduate student, I ac...