MoSPI to Map Economic Impact of Cooperatives
The Ministry of Statistics and Programme Implementation (MoSPI) has embarked on a crucial initiative aimed at mapping the economic impact of cooperatives across India. This six-month rapid survey, beginning in April, will focus on assessing key metrics such as Gross Value Added (GVA), Gross Value of Output (GVO), and employment generation in the sector.
Key Details of the Survey
– Feedback Invitation: MoSPI has invited researchers, policymakers, and industry bodies to provide insights on the draft survey schedule by February 16.
– Objectives: The survey aims to estimate:
– Gross Value Added (GVA)
– Gross Value of Output (GVO)
– Employment generation within the cooperative sector.
– Data Collection: This comprehensive survey will gather data on:
– Operating expenses
– Receipts
– Taxes
– Subsidies
– GVA
– Employment levels
– Labour costs
for the financial years 2020-21 and 2023-24.
Why the Survey Matters
The cooperative sector is integral to India’s economy, contributing significantly to:
– Agricultural production
– Rural development
– Employment opportunities
– Housing solutions
– Poverty alleviation
Despite its importance, there are notable data gaps in understanding the sector’s total economic contribution. The statistics ministry has acknowledged this need for clearer data to better reflect the cooperative sector’s role.
Methodology of the Survey
– The sampling frame will be drawn from the National Cooperative Database (NCD).
– The survey will encompass both primary cooperatives and their federations across 30 sectors, which include:
– Credit
– Housing
– Dairy
– Jute
– Khadi
– Marketing
– Social sector
– Multipurpose
– Labour cooperatives
Conclusion
The forthcoming MoSPI survey represents a significant step towards quantifying the economic impact of cooperatives in India. By collecting and analyzing vital data, this initiative aims to fill existing gaps and provide a clearer picture of the contributions of these cooperatives. Stakeholders are encouraged to participate and share their thoughts by the deadline to ensure a comprehensive approach to this crucial survey.