Among the projects transforming Nepal's energy sector in terms of energy sufficiency and regional cooperation is the SASEC Power System Expansion Project, which is the largest energy project implemented by ADB in Nepal. The project will construct transmission lines that could evacuate up to 2 gigawatts (GW) of electricity from the Kali Gandaki and Marsyangdi river basins. It will also develop infrastructure to facilitate exports of at least 1.2 GW of power to India and scale up on- and off-grid renewable energy supply in Nepal. Another project, the SASEC Power Transmission and Distribution System Strengthening Project, will strengthen transmission substations to support electricity exports and upgrade medium-voltage and low-voltage distribution networks to provide quality and reliable electricity supply to 850,000 new and existing customers in Madhesh Province.

Author: Asian Development Bank

Year: 2024

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Tags: Renewable Energy, Nepal, ADB, SASEC, India

Basic Statistics presents data on development indicators tracking progress toward the Sustainable Development Goals. The publication includes new data for development indicators for 46 economies in Asia and the Pacific, including those for the seven South Asia Subregional Economic Cooperation countries.

Author: Asian Development Bank

Year: 2024

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Tags: Bangladesh, Bhutan, India, Myanmar, Maldives, Nepal, Sri Lanka, Sustainable Development Goals

This report looks at how economic factors affect the movement of goods, people, and services across borders. As regional economies work to improve economic cooperation, initiatives such as the South Asia Subregional Economic Cooperation (SASEC) strive to improve cross-border trade and connectivity through such projects as the SASEC Chittagong–Cox’s Bazar Railway Project in Bangladesh and the SASEC Highway Enhancement Project in Nepal, and the Visakhapatnam–Chennai Industrial Corridor Development Program in India.

Author: Asian Development Bank

Year: 2024

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GDP in South Asia is estimated to grow at 6.0% in fiscal year (FY) 2024 and 6.1% in FY2025, backed by strong growth in India and the rest of South Asia, outperforming other emerging market and developing economies. In Bangladesh, GDP growth is projected at 5.6% in FY2023-2024 and 5.7% in FY2024-2025; while Bhutan growth is projected at 4.9% FY2023-2024 and 5.7% in FY2024-2025. Robust growth is projected for India at 7.5% in FY2023-2024 and 6.6% in FY2024-2025. Growth will be on an upward trajectory for Maldives at 4.7% in FY2024 and 5.2% in FY2025; for Nepal at 3.3% in FY2023-2024 and 4.6% in FY2024-2025; and for Sri Lanka at 2.2% in FY2024 and FY2.5 in 2025.

Author: World Bank

Year: 2024

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Tags: South Asia, GDP

Gross domestic product (GDP) is forecast to slow to 4.5% across Asia and the Pacific. In Bangladesh, growth outlook is projected at 5.7% in fiscal year (FY) in 2024 and 6.6% in 2025. In India, GDP is forecast at 6.8% in FY2024 and 6.5% in FY2025. Myanmar is projected to grow by 1.5% in FY2024 and 2.0% in FY2025, while Nepal is projected to grow by 3.1% in FY2024 and 5.2% in FY2025.

Author: International Monetary Fund

Year: 2024

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Tags: South Asia