Paṃkhvālī nāv (The winged boat) is a Hindi novel by Paṃkaj Biṣṭ that appeared in installments in Haṃs (2007) and was published as a book in 2009. The protagonist is a homosexual man, and the novel, defined by the author as a “sensitive human tragedy” (Tehelka, 05/12/2012), constructs a highly heterocentered discourse on queerness. Set in India just before the neoliberal turn, the story discusses sexual citizenship not only with reference to Indian society, but also in a global context.In this article I analyze the text, problematizing the notion of gender and the emergence of a queer identity corresponding with the opening up of Indian economy to neoliberal capital. Politics of sexual identity in newly globalizing economies are linked to global discourses on HIV/AIDS prevention, sexual health, sexual rights, and reproductive health. Also the emergence of queer literature in India, and of khuś literature in the Hindi literary field, has to be investigated on the backdrop of global queer identity. Drawing on the ‘anti-social turn’ in Queer Studies, I propose an interpretation of queerness and failure as resistance to capitalism.