<p>In the last five years of the Modi government, the Agriculture sector was the biggest beneficiary in the budget allocation with annual growth of 59%, followed by urban development (24%) and energy (21%).</p>.<p>Surprisingly, despite the pro-military attitude of PM Narnedra Modi, the allocation in the defence sector has shown a paltry CAGR of just 8% over the past five years. To give a perspective, even to marginally modernise the armed forces, the government needs an allocation of at least 2.5% of the GDP, according to the experts. Similarly, the allocation of the subsidies has gone up by just 6% in the past five years. The subsidies and the defence allocations have shown the lowest CAGR in the critical sectors.</p>.<p>On the other hand, the departmental allocation has come down heavily. The allocation of finance department has declined by a CAGR of 27%, while that of planning and statistics has declined by 1%. The allocation to the Ministry of External Affairs has shown a paltry CAGR of 5%.<br /> </p>
<p>In the last five years of the Modi government, the Agriculture sector was the biggest beneficiary in the budget allocation with annual growth of 59%, followed by urban development (24%) and energy (21%).</p>.<p>Surprisingly, despite the pro-military attitude of PM Narnedra Modi, the allocation in the defence sector has shown a paltry CAGR of just 8% over the past five years. To give a perspective, even to marginally modernise the armed forces, the government needs an allocation of at least 2.5% of the GDP, according to the experts. Similarly, the allocation of the subsidies has gone up by just 6% in the past five years. The subsidies and the defence allocations have shown the lowest CAGR in the critical sectors.</p>.<p>On the other hand, the departmental allocation has come down heavily. The allocation of finance department has declined by a CAGR of 27%, while that of planning and statistics has declined by 1%. The allocation to the Ministry of External Affairs has shown a paltry CAGR of 5%.<br /> </p>