India’s Exports Grew 13.2% in July, Slowest Pace in Six Months

India’s merchandise exports grew in July at the slowest pace in six months as demand for the nation’s textiles, tea and rice weakened in the U.S. and Europe.

Overseas shipments rose 13.2 percent from a year earlier to $16.24 billion after a 30.4 percent gain in June, Rahul Khullar, the top bureaucrat in the commerce ministry, told reporters in New Delhi today. Imports grew 34.3 percent to $29.17 billion.