what is the most developed country in south asia
South Asia India is the largest & fastest growing economy in the region (US$2.180 trillion) and makes up almost 82% of the South Asian economy; it is the world's 7th largest in nominal terms and 3rd largest by purchasing power adjusted exchange rates (US$8.020 trillion).[217] India is the only member of powerful G-20 major economies and BRICS from the region. It is the fastest growing major economy in the world and one of the world's fastest registering a growth of 7.3% in FY 2014â€“15. Pakistan has the next largest economy($250 billion) and the 5th highest GDP per capita in the region,[218] followed by Bangladesh and then by Sri Lanka which has the 2nd highest per capita and is the 4th largest economy in the region. According to a World Bank report in 2015, driven by a strong expansion in India, coupled with favorable oil prices, from the last quarter of 2014 South Asia become the fastest-growing region in the world[219]
Association of Southeast Asian Nations ASEAN covers a land area of 4.4 million square kilometres, 3% of the total land area of Earth. ASEAN territorial waters cover an area about three times larger than its land counterpart, making it particularly important in terms of sea lanes and fisheries. Member countries have a combined population of approximately 640 million people, 8.8% of the world's population, more than EU28, though in terms of land, a bit smaller. In 2015, the organisation's combined nominal GDP had grown to more than USD $2.8 trillion. If ASEAN were a single entity, it would rank as the sixth largest economy in the world, behind the USA, China, Japan, France and Germany.[5] ASEAN shares land borders with India, China, Bangladesh, East Timor and Papua New Guinea, and maritime borders with India, China, Palau and Australia. Both East Timor and Papua New Guinea are backed by certain ASEAN members for their membership in the organisation.