Unresolved agrarian question, slow pace of industrial development and distorted economic growth of the service sector, have all led to the nature of economic development that is not symmetrical or equally poised with political democracy and rights. As long as capitalism in India remains backward to a large extent, in agriculture and industry, and as long as the distorted development continues, we will be stuck with the impasse of backward-looking nationalism and authoritarian populism. Current impasse is a product of achieving political modernity and a superstructure without its accompanying economic basis.