Water security is emerging as an increasingly important and vital issue for the South Asian region. Many South Asian countries are beginning to experience moderate to severe water shortages, brought on by the simultaneous effects of agricultural growth, industrialization and urbanization. Another concern in the region is growing competition over shared water resources. These shortages would be further aggravated by receding of glaciers and dwindling fresh water resources. Water stress is likely to be a major impact of climate change, with some of South Asia’s major rivers such as the Indus and Brahmaputra projected to fall by as much as a quarter.