Billionaire Warren Buffett, on a visit to Bangalore in India, said he saw significant growth in global output over the next year, in a television interview on Wednesday.

On Tuesday, Buffett had said he was looking to invest in large countries like India, China and Brazil, but added that restrictions on foreign ownership in India's insurance industry could act as a deterrent in the sector.

Buffett heads Berkshire Hathaway Inc , which has substantial insurance and utility investments globally.

(Reporting by Neha Singh)