Livestock play an important role in socio-economic life of the rural population of India. Livestock in India accounts for about 27 per cent of agricultural GDP and is major contributor of income, food and employment security, livelihood of the people. The study shows that distributional impact of common property resources goes in favour of land less, artisans, small and marginal households. The availability of common property resources (CPRs) such as grazing and fallow lands, ponds, rivers and forests are found to be highly supportive to the growth of livestock. The average use of green fodders per households for rearing livestock is much greater in CPRs-rich region than CPRs-poor region. Due to CPRs availability, the absolute number and variety of cattle-livestock are relatively greater in CPRs-rich region than in CPRs-poor region. From the findings of study, it can be inferred that by strengthening CPRs one can ensure the sustainable development of livestock growth in particular and the sustainable development of rural economy in general.