Indian cooperatives: Huge employment opportunities are expected to be generated in India’s cooperative sector by 2030. According to a report, this sector can create 5.5 crore direct jobs and 5.6 crore self-employment opportunities by 2030. The report, published by management consultancy Primus Partners, revealed that India’s cooperative system accounts for around 30% of the 30 lakh cooperative societies globally.
able to promote the development
The report says that India is moving towards its goal of becoming a $5 trillion economy by 2030, and the cooperative sector can play an important role in this direction. The region is capable of promoting economic growth, social equality and inclusive development.
Its potential contribution by 2030 will be 3 to 5%
Furthermore, the cooperative mechanism can also have a significant impact on the gross domestic product (GDP), with a potential contribution of 3 to 5% by 2030. Including both direct and self-employment, the contribution of the cooperative sector can exceed 10 %, which makes it an important role in job creation.
