Introduction

The study was conducted to analyze the impact of the Global
Financial Crisis on Human Resource Development
in the SAARC Region: Lessons
Learnt. The Global Financial
Crisis [GFC] primarily originated in the developed economies, developing economies, including those in South Asia,
could not buffer for too long, from the adverse
impacts of the crisis. Weakening in the budgetary position and the Government revenues, spending in the social
sector development have slowed down, in most of the South Asian
countries during the post GFC period. There
is an evidence to believe
that this has also led to
a slowdown in poverty reduction, along with stag inflationary pressures
in some of the South Asian economies in the aftermath of the GFC. The occurrence of GFC has already prompted
many to believe that the center of global economy
is now shifting to Asia.
Given the significant proportion of youth in the population of SAARC economies, it has become
vital to invest
in HRD in order to realize the rise of the

‘Asian Century’.
Therefore, it is imperative to enhance cooperation amongst the SAARC Member States to
reap the regional
human resource potential. This study has investigated the impact of GFC on Human
Resource Development [HRD]
in the SAARC
region.