Kaushik Basu has been awarded the Humboldt Research Award for Economics. The award was conferred on him by Professor Dr Hans-Bernd Schäfer of Bucerius Law School in Hamburg, Germany.
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A former chief economist of the World Bank, Basu is currently a professor of Economics at Cornell University.
He also served as the Government of India’s chief economic advisor from 2009 to 2012. Basu is also a recipient of the Padma Bhushan, the third-highest civilian award in India.
The prestigious award is sponsored by the Alexander von Humboldt Foundation and awarded to as many as 100 recipients each year.
