So Angus Deaton wins the Nobel this year. He is known for his work on poverty, specifically in the Indian context. I think Indian poverty will be in limelight once again. Here is the citation: To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More than anyone else, Angus Deaton has enhanced this understanding. By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics, macroeconomics, and development economics.