Are co-operatives relevant in today's globalised environment?

Co-operatives and globalization are two extreme phenomena. Cooperatives are socialism phenomena while globalization is Capitalism phenomena. India is neither absolute socialist country nor absolute capitalist country. It is mux of the two. Today, India requires a balance if two. In today's globalizes environment, we require cooperatives too because India has a very significant poor population that need support from government to take themselves out of poverty. Hence to support them we require Co-operatives.

Yes co operatives is relevant in today's globalized environment because it helps poor people a lot, they are uneducated so they don't know about their rights and how to solve a problem like how to approach for a court etc, co operatives help in providing banking services in rural as well as urban areas which help rural people a in keeping their money safe providing interest and loans with small profit margin.