Intersectoral Terms of Trade and Marketed Surplus of Agricultural Produce, 1951-52 to 1965-66

During the period of the first three five-year Plans, all prices received and paid by agriculture show- ed an upward trend, though at differential rates. In general, prices received by agriculture rose at a faster annual rate than those paid by agriculture, and yet the consequent secular improvement in favour of agriatl- ture in the net barter terms of trade was marginal.