GDP alone cannot decide country's growth, Amit Shah
'The steps taken by Prime Minister Narendra Modi will ensure that the cooperative sector grows equally across the country and it will be a big boost to the economy. Our country cannot grow merely on GDP. With a population of 130-140 crore, the GDP will grow rapidly for sure. But everyone should get employment as well. If the rural women, youth are to get employment, then cooperation is the only tool which connects them to employment opportunities,' said Shah.
He was speaking at the national conference organised by Nafed on the occasion of 2025 being the International Year of Cooperatives.
Earlier, Shah said that cooperative sector weakened in the northern and eastern parts of the country and maintained to work towards symmetrical development in the coming years.
'We are already taking steps to change uneven growth of the cooperative sector to symmetrical development. The co-operative movement had weakened in the northern and eastern parts of the country and was stable mostly in western India…Cooperative sector provides for growth and development of the economy with less capital and more profit. We will make the cooperation sector progress with landmark growth and strengthen it in the nook and corner of the country,' Shah said.
Shah said cooperative movement revolutionalised the rural economy and gave the example of Amul in Gujarat where 36 lakh women associated with it didn't even have Rs 100 in capital but have today handling a turnover of Rs 80,000 crore.
He mentioned that dal, maize, oil seeds can be sold to Nafed from farmers and if the market rate is more, farmers can sell the produce directly. 'It is to ensure that farmers get the maximum profit,' he said.
Shah said the cooperation ministry has compiled a data of cooperative units in the country so that the government knows where the vacuum is and how to expand it. Two lakh new primary agriculture credit societies (PACS) will also be formed and will be made multi-dimensional, he said.
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