Often, specific market segments can be oligopolistic, dominated by a few large players. In such markets, the views of powerful players can trigger trends that move valuations way out of line with fundamentals. We have to devise mechanisms and incentives to ensure that finance does not spiral out of control in the destructive way that it did just prior to the crisis.
In today’s technology driven globalised environment, it also matters whether and to what extent they are prepared to face competition. Evolution of cooperatives – Indian experience 14. The growth of cooperatives in India has been impressive and covers a wide array of activities including credit & banking, fertilizer, sugar, dairy, marketing, consumer goods, handloom, handicraft, fisheries, housing etc.