Which Indian economist is known for his work on welfare economics and received the Nobel Prize in Economic Sciences in 1998?
- AJagdish Bhagwati
- BManmohan Singh
- CRaghuram Rajan
- DAmartya Sen
Solution & Step-by-step Explanation
Professor Amartya Sen was awarded the Nobel Memorial Prize in Economic Sciences in 1998 for his outstanding contributions to welfare economics, social choice theory, and his extensive research into the underlying mechanisms of famines and poverty.