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

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.

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.

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.

THANK YOU.

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.

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.

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.

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.

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.

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.

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.