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For the prosperity of both gender and for social justice, independence and empowerment of women is essential. Empowerment of women not only ensures her personal or household welfare but also spreads positivity throughout the community. This generation of positive externality by empowering women has actually attracted attention worldwide toward exploring the concept of women empowerment as well as analyzing their status. The present research focuses on comparative analysis of the status of women empowerment among the South Asian Association for Regional Cooperation (SAARC) countries and side by side explores its relationship with the various macro-indicators related to growth and development. This study reveals that Maldives and Sri Lanka had a relatively better status of women empowerment as compared to other SAARC countries. Further, based on the panel data analysis, the authors have found that urbanization and globalization have a significant impact on women empowerment. Thus, this holistic approach of measuring women empowerment from a multidimensional perspective and detecting the influencing factors is inevitable for enhancing the status of women at the global level.