The Fifth AASPP Workshop on Asian Nuclear Reaction Database Development was organized by Nuclear Data Physics Centre of India in cooperation with the IAEA and the Board of Research in Nuclear Sciences, Department of Atomic Energy from 22-24 Sept., 2014 at Bhabha Atomic Research Centre, Mumbai, India. Over seventy participants took part in the workshop representing India, Japan, Republic of Korea, Vietnam, Kazakhstan, Uzbekistan, Mongolia and a representative from the IAEA. The workshop covered the overview of nuclear data activities in different countries and covered the topics related to experiments performed using various facilities, the upcoming and existing accelerators and experimental facilities, EXFOR compilation activities, reactor sensitivity studies to nuclear data, criticality benchmarking studies, nuclear data requirement of nuclear power reactors, theoretical calculations using various codes, and covariances in nuclear data. About thirty five talks were delivered by participants from various countries on these topics. The concluding session had a panel discussion on possible future collaboration involving participants from different countries. The present report gives summary of each presentation.