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NewsScrollMonday, 12 October 2026NEW

Nobel economics prize awarded to Robert Hall, Michael Woodford for stabilisation models

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Summary
Their models have ‘significantly improved our ability to implement’ effective economic stabilisation policy, the Royal Swedish Academy of Sciences said.
Key Facts
TypeNews
SourceScroll.in
PublishedMonday, 12 October 2026
Affected Population~1 million researchers, R&D ecosystem
Key Numbers
R&D spending: 0.7% of GDP
Gaganyaan: Rs 12,000 crore investment
India Innovation Index: 40th globally (2024)
Key Authorities
Ministry of Science & TechnologyDSTCSIRISRO
Key Stakeholders
ResearchersR&D InstitutionsStartups
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
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Science & Innovation77 tracked→
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