Economics Nobel winner Angus Deaton cares deeply about India: Arvind Subramanian, CEA

NEW DELHI: Chief Economic Advisor Arvind Subramanian today hailed Angus Deaton, the winner of Nobel prize in Economics, as "a great economist who cares deeply about India".

"Angus Deaton's a great scholar, combining theory with empirics. Cares deeply about India. Searingly insightful on foreign aid," Subramanian tweeted.

The CEA added that Deaton had liked a research paper written jointly by him and RBI Governor Raghuram Rajan.

Deaton, born in Scotland but a long-time professor at Princeton, has won the 2015 Nobel Prize in Economics "for his analysis of consumption, poverty, and welfare".

The economics prize was created by the Swedish central bank in memory of Alfred Nobel in 1968.