Numaish is an annual affair in Hyderabad, and many look forward to it for shops from Lucknow and Rajasthan. Traders from all over India come to set up stalls every year, and people get to have a wide variety to choose from. But this year, the traders are worried that they will end up in losses.
It is known that the All India Industrial Exhibition or Numaish was suspended last year due to the pandemic. This year too, the exhibition did not start on January 1, as has been the norm for decades. Instead, it started on February 25 with 2000 stalls. While the footfall of customers has been pretty heavy, none of them are showing interest in buying the wares, rue traders.
Traders from North India are especially distraught. Traders from states such as Rajasthan, UP, Jammu & Kashmir, Delhi have hard hit as they had to go back when the exhibition was canceled on January 1 and return again by February 25. However, the traders say they were hopeful that the customers would buy more as there was no exhibition last year. Unfortunately for them, the situation has reversed. Fifteen days into the exhibition, the traders have barely traded 20-25% of their stuff.
The charges of going and coming back, salaries for sales boys, food and accommodation charges, stall charges, transportation, etc., have all become a burden for the traders. Naturally, they are trying to pass on the loss to the customers. But the traders say while lots of people are visiting the exhibition, many are not buying due to high prices. One Kashmiri trader says he used to get three consignments for one Numaish. But now, the situation is such that most of the stock from one consignment is still lying with them.
Customers are simply not willing to spend on shopping, say the traders.