Abstract: The Quadrilateral Security Dialogue (QSD, hereinafter referred to as Quad), which had come into existence in 2007, ceased following the resignation of Japanese Prime Minister Shinzo Abe and the withdrawal of Australia during Kevin Rudd’s tenure as Prime Minister. However, on the side lines of the 2017 ASEAN Summit, the subject of a structure that would facilitate peace, stability and development in the Indo-Pacific region which, is supposedly under threat due to China’s assertive behaviour, came up for discussions once again between leaders of US, Japan, Australia and India. The revival of the Quad (colloquially termed as “Quad 2.0”), after a hiatus of nearly a decade was viewed with concern by the Chinese media, which termed the grouping as a possible first step towards the formation of an “Asian NATO”. The Chinese Minister of Foreign Affairs, Wang Yi, however was more dismissive, comparing the idea of reviving the Quad to “foam in the ocean, destined to dissipate soon”. Against the backdrop of a globalised and intertwined economy, where economic interdependence appears to be the norm in deciding national interests, this paper examines the likely future trajectory of this grouping and attempts to determine which of the two assessments is more plausible. Full text available here.