Key Highlights
- The International Day of Cooperatives (CoopsDay) is celebrated on July 5, 2025, coinciding with the UN International Year of Cooperatives.
- Cooperatives are positioned as engines of democratic governance, sustainable infrastructure, and local empowerment.
- CoopsDay’s four objectives focus on awareness, growth, policy support, and youth leadership.
- Global statistics reveal that cooperatives engage over 12% of humanity and generate 2.4 trillion USD in combined revenue.
Detailed Insights
Global Momentum. CoopsDay aligns with the United Nations High‑Level Political Forum and the Second World Summit for Social Development, underscoring the sector’s role in achieving the Sustainable Development Goals.
Economic Footprint. The 300 largest cooperatives worldwide have contributed 2.4 trillion USD to the global economy and supply jobs to approximately 280 million workers, accounting for around 10% of the world’s labour force.
India’s Cooperative Heritage. From ancient village water‑management collectives to modern entities like AMUL and IFFCO, Indian cooperatives span sectors such as consumer goods, credit, farming, and housing, collectively ranking among the country’s top revenue generators.
Policy Imperatives. The ICA emphasises that supportive legal frameworks, inclusive financial mechanisms, and youth engagement are critical for scaling cooperative participation and ensuring resilient supply chains.
Key Concepts
- Cooperative – A democratic organisation owned and controlled by its members, where surplus profits are reinvested or distributed based on participation.
- Inclusive Development – Economic growth that incorporates marginalized communities into the benefits and decision‑making processes.
- Sustainable Solution – An initiative that balances ecological preservation, social equity, and economic viability over the long term.
- Social Development Summit – A global forum convened to evaluate strategies that uplift living standards and promote welfare.