A recent report predicts that India’s cooperative sector could create as many as 5.5 crore (55 million) direct jobs in the coming years, significantly contributing to employment and economic growth. The cooperative sector, which is central to India’s rural economy, supports diverse areas like agriculture, dairy, credit, and consumer services. By empowering local communities and fostering inclusive growth, cooperatives provide self-sustaining models for employment in regions with fewer opportunities.
Source:- bbc news
The sector’s expansion is expected to play a critical role in alleviating unemployment, particularly in rural areas, by offering stable jobs and boosting overall income levels. This growth is fueled by government initiatives, advancements in technology, and a shift toward more sustainable and community-focused business models. Furthermore, the push for digital transformation in cooperative institutions aims to enhance efficiency and accessibility, enabling even remote areas to benefit from this growth.
Source:- news 18
These developments reflect the sector’s untapped potential to drive economic change and social upliftment, positioning cooperatives as pivotal players in India’s future employment landscape
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