Shih) with “home-grown” theory is a new challenge for South Asian scholars, who have not yet “entered into their own ignorance” of neo- colonialism in so called “new” literatures. The dependence on post colonial theories and their applications by elite/ high-caste critics and NRIs in Conferences held in Europe and America determines our study of “emerging” literatures. Why Indians have not followed the counter discourses and resistance aesthetics neither of Frantz Fanon nor M.K. Gandhi, Kwame Nkrumah nor Kumau Braithwaite but Gayatri Chakravarty Spivak's leftist stance sans caste based culture study. The present paper proposes to discuss various aspects of emerging new literatures from the comparative and cultural perspectives. It explains the international contexts of Euramerica- centricism in neo-colonial texts and pleads for interdisciplinarity. It is the need of the time to introduce new cultural literacy of structures of literary feelings which are at work in production of the hybridity of a literary work. Comparative analysis of literary imperialism is the main objective of this key-note- address