Amartya Sen won the Nobel Prize in Economics, becoming the first Indian to receive this honor.

Amartya Sen was announced as the recipient of the Nobel Memorial Prize in Economic Sciences on October 14th 1998, by the Royal Swedish Academy of Sciences in Stockholm, Sweden.

The award ceremony took place on December 10, 1998, in Stockholm, Sweden.

He was honored for his contributions to welfare economics, especially his work on social choice theory, poverty, and famine.
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