As we all know that cows have a extremely high position in INDIA. People in INDIA not only respect cows but they do also willing to feed cow. The products comes from cow are very necessary for almost everyone. They produce valuable things—milk, dung and calves. It seems like that feed cows can be a good investment project and it can benefit the INDIAN’s family. However, the truth is that the householders are always worried about the problems caused by feeding. The fee is too high. The biggest outlay should be food—the average cow consumes fodder worth about 10,000 rupees ($160) a year. Also, Veterinary costs is adding up currently. According to a new and splendidly titled NBER paper, which looks at cow and buffalo ownership in rural areas of northern India, the average revenue on a cow is -64% once you factor in the cost of labour.
The reason why Indian families are willing to purchase a cow is because people lack a formal savings mechanism for their spare cash. According to the research, only 7% of Indian villages have a bank branch. In Indian culture, people do not like to spend their spare cash on Immediate pleasures; people afraid of make spending decisions will generate regret later. Therefore, they prefer to invest a cow which are illiquid assets rather than spending.
In my opinion, this kind of idea is a barrier for the development of economy. Consumption can stimulate economic development. Manufacturers can keep producing only when people keep consuming. What exact thing they should do is to save parts of their money and use the rest of money to invest a gainful project. After they get profit from the project, they should do this again. On the other hand, if they think that feeding a cow is very necessary for them, they can still keep feeding cows but change their management style and improving their production efficiency in the meanwhile.