1. The implications of retelling of Indian stories, hence, takes on new meaning in a modem India.
2. The stories we tell reflect the world around us.
3. We cannot help but retell the stories that we value - after all, they are never quite right for us - in our time.
4. And even if we manage to get them quite right, they are only right for us - other people living around us will have different reasons for telling similar stories.
5. As soon as we capture a story, the world we were trying to capture has changed .

Let's look at introductory sentence and likely pairs to form meaningful paragraph.

Sentences 3 and 4 clearly form a pair, as sentence 3 discusses the retelling of stories and how it can go wrong, and sentence 4 begins with a connector saying that even if it goes right, the meaning can be changed. 

Sentence 2 sounds like a decent opening, as it lacks a connector and introduces the idea that the stories we tell reflect the world around us.

Between sentences 1 and 5, 5 is the more appropriate follow-up of the opening sentence, as it builds on the point of sentence 2 and has no final connector; sentence 1 ends with 'hence', thereby concluding a point, so it is best suited to be the last sentence.

Therefore, the sequence is 25341