The formulation of postmodern society is primarily said to be based upon the western world post-globalization, but that is a delimiting and skewed outlook. The fact is that India, even though, subject of a discussion on postcolonial slums at this conference, is also a postmodern society. My paper takes up the various characteristics of a postmodern society and applies it to the situation in India to underline the similarity in most respects even as it seeks to point out the weak spots in the very definition of postmodernism. The support for my contentions comes as much from the fictional narratives being crafted by Indian authors as from the hard facts on the ground.