In many ways, globalization is heralded as a true successor of postmodernism. However, it has also been regarded as an egalitarian counterpart to the same. In this paper, we analyse globalization in the Indian context and how it has affected the Indian economy. This paper problematizes the effects of globalization on Indian Economy in the post modern era and also proposes to critique globalization in the light of the cultural logic of late capitalism by analyzing the different stages of economic growth since independence. © 2017 Serials Publications Pvt. Ltd.