Dressed in a bandhgala jacket and dhoti, Indian-American Economist Abhijit Banerjee received the Nobel Prize in Economics in Sweden for his “experimental approach to alleviating global poverty.” Esther Duflo, who shared the prize, was dressed in a blue sari. Their colleague Michael Kremmer, meanwhile, wore a suit.The award carries a purse of 9 million Swedish krona (about Rs 6.5 crore) to be shared among the three winners.