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Sale at Tibetan bazaar in Lucknow Hit by Demonetization

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The popular and much awaited seasonal markets of winter clothing put up by Tibetans and the people from Uttarakhand every year, are wearing a deserted look these days. With hardly any buyers, the stall owners say that demonetization has hit their business real hard this winter.Once popular with the youth for having trendy designed woolens at affordable rates, the markets are flooded with stuff but no buyers. “We have faced a downfall of around 70% in sales this year because the crowd which used to turn up is not to be seen,“ says Namgyal Champhel, a stall owner at the Tibetan clothes market that is set up near Ravindralaya in Charbagh, each year. He adds, “We set up our stalls from November onwards and this time we had a really bad experience from the start because of the note-ban. Iss baar bilkul sannaata dekhne ko mil raha hai.“

To make do, a few stall owners also started using e-wallets but that too doesn’t seem to have helped. Tsering Dolma, another stall owner from the same market shares, “We also started using e-wallets in the hope that it will draw customers, but the situation is the same. As compared to the previous years, the footfall has declined to an all time low this year because of demonetization. We are sitting idle for most part of the day without making any sales for days. I hope next year things improve because no one likes to go empty handed when we have come from a far off place to earn a living.“

“This year’s experience will be listed as one of the worst ones, because abki baar profit dur dur tak nahi ho raha hai,“ rues Tenzing Choeyang, a seller of coats and jackets at the market. “We have hardly made any sales and most of our stock is still lying unopened, which unfortunately we will have to take back. Even after the discounts, there are hardly any customers this year. People are just not interested in shopping for woolens in spite of it being colder this year than last year,“ adds Tenzing.

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