<h1>India's Manufacturing Growth Hits 12-Month Low in December Amid Rising Costs and Competition Challenges.</h1> India's manufacturing sector growth reached a 12-month low in December due to softer increases in output and new orders, according to a survey. The HSBC India Manufacturing Purchasing Managers' Index dropped slightly to 56.4 from 56.5 in November, still indicating expansion. Despite slower growth, new export orders increased at the fastest rate since July, driven by international demand. The sector faced challenges from competition and rising costs, impacting expenses. Manufacturers remained optimistic about 2025, expecting a rise in output due to advertising, investment, and favorable demand, though inflation and competition posed concerns.