Abstract :There is a combat between modernism and postmodernism in both literary and non literary world. This article deals with how postmodernism has given impact in literary and cultural world. Lyotard has meticulously explained to the readers about the prefix ‘post’ in his work. Not only postmodernism a cultural entity but also a cultural product. Nihilism, Skepticism and Marxism also getting celebrations in the postmodern world.