Need 9% growth for per capita income of $10k: Rangarajan

India's per capita income can reach levels of USD 8000-10,000 by 2025 fromthe present USD 1600 if theeconomy grows at 9% annually, Chairman of Prime Minister鈥檚 Economic Advisory Council C Rangarajan said here today. "As we look ahead, growth is an important factor in generating employment and reducing poverty", Rangarajan said in his address at the First Annual Convocation of the Indian Institute of technology, Hyderabad (IITH). He said technology can play an important role in almost every sector of the economy in enhancing productivity and production. "It has been estimated that only if we grow at 9% per annum, India鈥檚 per capita GDP will increase from the current level of USD 1,600 to USD 8,000-10,000 by 2025," he added. India will become part of the middle income group of countries when it achieves USD 8000-USD 10,000 per capita income, he said. Achieving and sustaining a high growth rate requires action on several fronts, he said adding technology upgradation is one among