COOPERATIVES: A NEW MOVEMENT FOR VIKSIT BHARAT
The New Indian Express|November 27, 2024
IN inclusive development strategy for enhancing shared economic prosperity—‘Sahakar se samriddhi’—has yielded impressive outcomes for India so far.
SHAJI K V
COOPERATIVES: A NEW MOVEMENT FOR VIKSIT BHARAT

The cooperative movement started in the pre-independence era to take on the challenge of alleviating poverty that often resulted from recurrent droughts and usurious exploitation.

While the initial driving forces powering the movement may be losing steam, there are many emerging challenges for the rural economy that require a new direction for the movement as the country marches ahead on its goal of achieving a Viksit Bharat by 2047.

The new challenges range from raising farmers’ income to achieving an efficient rural supply chain, lowering food inflation on a durable basis, creating non-farm employment opportunities, enhancing farm productivity and climate resilience, and harnessing opportunities in a digital world. Cooperative institutions may be particularly suited to manage these challenges because of their strong local knowledge, ability to forge and strengthen forward and backward linkages, and readiness to adapt to a new business environment.

For designing supportive policies, it may be useful to draw insights from the UN’s July 2023 report on cooperatives in social development, which stresses, “Cooperatives make significant contributions to the national economy by addressing market failures, empowering marginalised people, creating employment opportunities and supporting sustainable development.”

The report recommends an entrepreneurial ecosystem approach for the cooperatives, connecting all players through an interconnected network within a local environment.

This story is from the November 27, 2024 edition of The New Indian Express.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 27, 2024 edition of The New Indian Express.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE NEW INDIAN EXPRESSView All
Wake-up call
The New Indian Express

Wake-up call

Actor Thambi Ramaiah on the importance of making films that promote moral values, working with his son Umapathi, his bond with Samuthirakani, and more

time-read
2 mins  |
December 12, 2024
'I fled Iran because I have more stories to tell'
The New Indian Express

'I fled Iran because I have more stories to tell'

..saysS Mohammad Rasoulof, an Iranian filmmaker living in exile in Germany, whose latest work, The Seed of the Sacred Fig, represents his adopted country at the Oscars

time-read
4 mins  |
December 12, 2024
Paul Mescal to play Paul McCartney?
The New Indian Express

Paul Mescal to play Paul McCartney?

In a conversation with Christopher Nolan at the Directors Guild of America in Los Angeles, Scott confirmed that he is working on a post-apocalyptic thriller titled The Dog Stars.

time-read
1 min  |
December 12, 2024
The New Indian Express

Meet the parents 4 in the works

Actors Robert De Niro, Ben Stiller, Teri Polo and Blythe Danner are in negotiations to reprise their roles in the fourth installment of the Meet The Parents franchise.

time-read
1 min  |
December 12, 2024
ASAP Rocky to play the lead in High and Low
The New Indian Express

ASAP Rocky to play the lead in High and Low

In a major cast announcement in Spike Lee's High and Low, American rap artist ASAP Rocky has joined the film as the lead actor.

time-read
1 min  |
December 12, 2024
DHANUSH'S NEEK TO RELEASE IN FEBRUARY 2025
The New Indian Express

DHANUSH'S NEEK TO RELEASE IN FEBRUARY 2025

DHANUSH's upcoming directorial Nilavukku En Mel Ennadi Kobam (NEEK) has set a Valentine's week release in 2025.

time-read
1 min  |
December 12, 2024
Melding melody with magic
The New Indian Express

Melding melody with magic

COME December, the Chennai sun softens its glare; the sultry air gives way to a refreshing coolness, and the breeze whispers through the streets.

time-read
2 mins  |
December 12, 2024
ON A LEGEND'S FOOTSTEPS
The New Indian Express

ON A LEGEND'S FOOTSTEPS

Garnering praises Viswanathan had more than one reason to remember that character that fetched him the Kodai Nataka Vizha award. It was made more special when eminent theatre and cine actor VS Raghavan, who was also the chief guest, said, \"Ramesh lived with the character.\"

time-read
3 mins  |
December 12, 2024
Publicity stunt or showcasing stupidity?
The New Indian Express

Publicity stunt or showcasing stupidity?

The columnist is a writer and illustrator

time-read
2 mins  |
December 12, 2024
CHRISTIAN DIOR'S DESIGNER OF DREAMS EXHIBITION HEADS TO SAUDI ARABIA
The New Indian Express

CHRISTIAN DIOR'S DESIGNER OF DREAMS EXHIBITION HEADS TO SAUDI ARABIA

FASHION tourism has emerged as a booming trend in recent years, as style-conscious travellers increasingly seek destinations that blend cultural exploration with sartorial experiences.

time-read
1 min  |
December 12, 2024