By reading rural distress and peasant suicide in Punjabi literature produced in the realist mode, this paper conducts the economic analysis of the fictional small peasant—an atomised entity divorced from his land, which is now simply a means of production in a capitalist agrarian market. It reads the production of Gurdial Singh’s award-winning novel Adh Chanani Raat (1972) as prophesising the long-term adversities concomitant with the productive excesses of the green revolution in Punjab. The novel argues for a model of heroism rooted in Punjabi social tradition and collective history, which struggles against this alienating influence of capitalist economic forces to find succour in an older way of life. Therefore, this paper attempts to study Gurdial Singh’s reworking of peasant consciousness as a “narrative of oppression” where the small farmer is a heroic figure because of his resilience in the face of inevitable tragedy.