Two decades after the Foreign Ministers of Brazil, Russia, India, and China met on the sidelines of the United Nations General Assembly, signalling the formation of the first grouping of emerging economies, the 11-member grouping, which now represents these countries, seems to be carving out an economic agenda that challenges the dominance of the North. At least some signs in this regard have emerged in the New Delhi Declaration adopted at the end of the 18^th Summit. In two…