Industrial output growth likely to pick up: Rangarajan

Data released by the Central Statistics Office (CSO) on Friday showed output at factories, mines and utilities rose an annual 2.7%, with the growth driven by consumer goods. That was higher than forecast of 1.1% in a Reuters poll and even beat the most optimistic forecast. India's industrial output growth islikely to pick up in coming months, C Rangarajan chairman -- Prime Minister's Economic Advisory Council -- said.