Below is a clear graph-thinking explanation (exam-oriented), followed by how you should actually draw it in the answer booklet.

I am not condensing any phase; each transition is explicitly explained.

1. Axes Definition (Very Important for UPSC)

X-Axis (Horizontal)

Time / Degree of Commercialization of Agriculture (Increasing →)

You may label it as:

• Pre-colonial → Colonial → Early Post-Independence → Green Revolution → Neoliberal phase

OR

• Low commercialization → Medium → High → Very High

Y-Axis (Vertical)

Nature of Agrarian Social Structure

Represented in terms of:

• Degree of class differentiation
• Degree of capitalist relations
• Extent of wage labour & market dependence

You can annotate the Y-axis as:

“From Community-Caste Dominated Structure → Class-Differentiated Capitalist Structure”