Are Co-operatives Relevant in Today's Global Environment?

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Nishigandha Babar said: (Jun 23, 2021)  
Hello friends, I'm Nish Babar.

According to me, the global world means there is an increase in business, expansion of the market & also competition among producers increases.

So in this global world, it's serious to survive.

As there is huge competition so according to me cooperative play major role for grouping people & create a bond between them. Also cooperative helps to provide employment in urban as well as rural areas.

In short, in today's global environment cooperative becomes helpful.

Thank you.

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Arjun said: (Jun 10, 2018)  
Yes, cooperatives are paying a key role in our counties. Through cooperatives most of the goods are easily affordable for the Indians. Since the production rate is high in due to these cooperatives for our country, it will have a indirectly impact on jobs for poor peoples.

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Uttara said: (Aug 6, 2017)  
As the saying goes. Drops make the ocean so also these co-operative organisations work in the remote areas. Co-operatives run on a co-operation principle where people mainly from the same locality come together to form a co-operative to work for a common objective. SHG is a co-operative group engaged in handicraft works and we can see these days many NGOs have come forward to make the work of this SHGs go national and for a few times global. Like 'organic India' and 'fab India ' products. Globalisation is receiving foreign goods services and cultures which help the nation flourish in the global market through big companies and organisations. But co-operative organisations help the poor or the local people to make better their way of living. So these also have their own relevance in grassroots levels.

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Santosh said: (Oct 12, 2014)  
I think even cooperative merge into our society it was a past and as you know friends a past is a past, it was a time when banks behave as a "savkar", so to bring people into economy it was a immense need to have a group of people who would bring true democracy in India, but today we find all the cooperative are into the hands of politician so I think that they are into the view to be globalized.

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Megha said: (Jan 27, 2014)  
Hey friends, according to me, co-operatives are relevant because they bring large number of people under one group and provide them employment hence in one way they are removing the problem of unemployment by providing job opportunities to many people and that job is also free of corruption, contributing to the growth of people and our nation. These are now a days, becoming more popular than private and public sectors because of their characteristics of providing job opportunities to many people.

Hence, co-operatives are relevant in every terms.


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Poonam said: (Jul 3, 2013)  
Hi Friends, I would like to suggest my views on this topic. According to me Co-operatives are definitely relevant in global environment. Co-operatives means group of people who make a team to run business. It can be of any kind like hand loom, fishery education. If government help us more in this system than definitely we will grow very high in this GDP.

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Samar said: (Jun 11, 2013)  
Globalisation, as it is meant officially, seeks to promote competition in the economic playground, amongst the so-called 'global players' i.e. the businessmen across the frontiers of the nation-states. Co-operation against such a backdrop appears to be an outdated, obsolete and ludicrous concept. The cases, as appear obvious in such a regime, against co-operation are:

I) Cooperation is a congregation of "too many", unnecessary in the environment congenial for competition. This rears and promotes inefficiency and wastage.

Ii) The democracy co-operation is said to promote and sustain is a myth.

Iii) The "overcrowding" does not necessarily ensure expertness in management.

Iv) Despite bulge in number of membership, provision for capital may fall short of sufficiency.

V) Lack of state of the art technology is often experienced.

Vi) Inefficiency brings about lower profitability leading to poor incentives causing lower motivation, insufficient capital formation and poor performance.

Vii) Thus, incapability in survival is quite common.

Considering the above negative traits of the co-operatives, it may sound natural as well as rational to not opt for them. However, co-operatives do have certain scores of merit that deserve consideration.

A) In the face of fierce competition in the age of globalisation, co-operatives provided a soothing effect in a society by creating an atmosphere where man can help a fellow man, unlikely to be so done by the business as usual.

B) Capital, technology etc. Cannot be any constraints in making co-operation a success. On the contrary, co-operatives do provide the background for successful mobilisation of resources for better management of economic activities.

C) If proper safeguards can be ensured, democracy can really embrace such an institution.

D) Co-operation upholds certain values, it underlines the need for a living based on mutual help and trust.

E) Co-operation can lift the poorer sections of the society above the poverty line.

F) Examples abound where co-operation has been proved a huge success.

So it would be premature to conclude that co-operatives are, in the age of globalisation have become irrelevant.

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Preeti said: (Mar 11, 2013)  
No doubt cooperates are important in every aspect of economy and social development of our country. Its is relevant for our Global environment as it shows the position of our country where we stand in respect of other countries. To make our country fully develop cooperative is one of the major factor.

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Unnikrishnan C said: (Apr 29, 2012)  
Surely. Co-op banks can do much if central govt channalise its funds through them. Now a days co-op banks can only give much service to the common people of the country. Co-op banks are wide spread in the country including Rural areas. If the central government connected all the co-op banks which spread in the different states will be more befneficial to the common people of the country. For this the govt can introduce the new electronic facility to the co-op banks and channalise the system all over the world.

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Priya Suraya said: (Dec 21, 2011)  
Yes co-operative sector plays an important role in today's environment, co-operative sector means group of members come together & make a team & run the business. The members are raw material producers ex : hand loom, fishery, diary products comes under co-operative sector. Such sectors decreases the unemployment rate, they come out with good quality products at cheaper price to the customers, which will contribute to decrease in the food inflation.

Government of India has taken several inattentiveness like providing financial assistance, & credit facilities to the co-operative sector, conducting programs wherein they will educate the member & provides complete information relating to the particular field.

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Krishna said: (Jul 25, 2011)  
Ya. Co-operative sector is a better option in our present scenario. It brings together the plus points of public sector and private sector. Like it brings down corruption and brings up the quality of products & services as private parties are involved. And the money minded nature of private sector will be reduced as there is a governmental control.

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Priyanka Mohapatra said: (Sep 11, 2010)  
Yes, I believe in co-operative sector,because now a days this sector is in No-1 position.The Co-operative sector is also giving different types of job opportunities for the job seekers which reduces 75% of unemployment.It creates a great demand by public to the co-operative sectors. It also true that without cooperation no one can get success for this reason co-operative sector plays a vital role in this field.

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Renuga Devi said: (Sep 11, 2010)  
Corporate sectors are were much essential to improvise our economy. They have increased employment. And to evolve globalization it is needed one. Govt should help to set up large number of corporate sectors through loans.

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Mamun said: (Sep 11, 2010)  
It is 100% true about co-operatives but in order to take our country to the top we should have the right co-operative at the right place giving the right decision.

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Nitesh Popali said: (Sep 9, 2010)  
Corporate sector have played a very important role towards globlization. Corporates have their predefined goals which are very much releted to public. Publuic objectives are also somewhat satisfied in correspondance with corporate goals. Employment is very much incresed.

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Ronny said: (Sep 9, 2010)  
In today's world unemployment is growing at an alarming rate and very few jobs are being provided by Govt. On the other hand co-operates are offering jobs to the unemployed and are playing their part in such situations.

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Amar said: (Sep 9, 2010)  
Yes, I think in today's globalization scenario, co-operatives are very much relevant in global environment. Short-term goals which are sometimes difficult to met with, is possible to achieve through co-operatives because it acts for the the common goal consist of people from same socio economic background.

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Pradip said: (Sep 8, 2010)  
Yes of-course with cooperation nothing can be done. As as a co-operation is needed today so that we are developed and co-operation help us. 100% we need co-operatives. Nowadays so many families survive due to these co-operatives.

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Ash said: (Sep 7, 2010)  
Because of co-operative we can live some what better life. For standing in the age of globalization we need co-operation.

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Mohan Kumar said: (Aug 31, 2010)  
Yes, co-operative are relevant even in modern global situation and specially in India it has more significance, because most of our population belongs to middle class, and if any work and project are taken under co-operative socity then the involvement of a large number of public will be there and work or project can be done by more transparency and effectively. But at the same time administration of co-operative should be fair and selected by members of co-operative.

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Ashwin said: (Aug 31, 2010)  
Yes of-course with cooperation nothing can be done. As as a co-operation is needed today so that we are develpoed and co-opertion help us. Today in this world nothing can be done without co-operation to stand in the global environment we need co-operation.

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Uma said: (Aug 31, 2010)  
Yes, definitely in this current generation all are well educated and knows that cooperation is must for every aspects to be fulfilled. Without cooperation nothing can be done even we cant a life.

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Rajan said: (Aug 31, 2010)  
No, its only our doubt that co relevant global environment, we know that global environmet is in ourself if we want than we control environment pollution but no it cannot possible because we want well life as king than how can I control pollute, if we safe our earth than we grow tree, stop use plastic bag, keep clean everyside, stop our need which get us rest or solve our problem, we should leave as old life.

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Siddharth Ranjan said: (Aug 30, 2010)  
Yes, definitely in today's time of globalization and in order to stand somewhere in this world for our growth, our existence they are important. Co-corporates provide a way to amplify globalization and our linkages to the global world. It also help to strengthen the social network, many people get chance to do something by utilising other's best effort.

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NILESH said: (Aug 28, 2010)  
According to my opinion co-operation is very much important factor in our country. As all of us very well knows that we have diifrent classes of people so co-operative associtation bind all that people in same mode. So all people work toghether & work efficiently. It also help to strengthen the social network, many people get chance to do something by utilising other's best effort.

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Sunitha said: (Aug 26, 2010)  
100% we need co-operatives. Nowadays so many families survive due to these co-operatives.

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Saurabh said: (Aug 25, 2010)  
Yes, I agree to this fact that cooperatives are the vital building block of our economy because they are catering to those section of society which form a formidable part of our economy. We are agrarian economy and thses are acting as facilitators to our agriculture sector which is the major part of our GDP. It also helps the untouched part of society to improving there position.

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Pratiksha said: (Aug 25, 2010)  
Yes friends, in my views also co-operative sector is the most important building block to build the economy.Without of which stabilisation, economy cann't be stabilised. It is our proper management of our cooperative sector that at the time of big recession period that we overcame that situation very early. So for any country this sector should be considered to a vital scale.

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Tripti said: (Aug 23, 2010)  
Yes, definately in todays time of globalization and in order to stand somewhere in this world for our growth, our existence they are important. thinking without co-operative sectors, say for banks in the developing nation of ours it would have become impossible to people to own even a house or no need to explain the state of educational loan of course, hope this would become more and more approachable to common man but not to creamy society.

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Divya said: (Aug 19, 2010)  
Yes of course, they are important, but onli if they are not corrupt. Because their corruption is responsible for Captialisation as well as situation of inequality in our country.

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Ambika Agarwal said: (Aug 6, 2010)  
Yes they are definitely very important. India's GDP growth is currently 8.5% because of the extraordinary development in services and industrial sector even after the subprime crisis. Co-orporates prvide a way to amplify globalization and our linkages to the global world. They have given a larger platform to become a more developing nation than before.

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Are Co-operatives Relevant in Today's Global Environment?

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