GeM Completes Decade with ₹20 Lakh Crore Cumulative GMV
The Government e Marketplace (GeM) marks ten years of operations on 9 August 2026, having transformed public procurement through technology, transparency, efficiency, and good governance. The platform has achieved a cumulative Gross Merchandise Value (GMV) exceeding ₹20 lakh crore through more than 3.78 crore orders, establishing its significant role in India's public procurement ecosystem.
Growth Trajectory and Participation Metrics
GeM's annual GMV has demonstrated remarkable growth, increasing from ₹422 crore in FY 2016–17 to over ₹5 lakh crore in each of FY 2024–25 and FY 2025–26. In the first four months of FY 2026–27 alone, the platform recorded a GMV of ₹1,47,888 crore. While it took more than eight years to achieve the first ₹10 lakh crore in cumulative GMV, the next ₹10 lakh crore milestone was reached in less than two years, indicating accelerated adoption and increasing participation.
Participation on the platform has expanded significantly over the decade. The number of profile-completed sellers has grown from 3,339 to 25.45 lakh, while primary buyer organizations have increased from 1,707 to 1.37 lakh. Micro and Small Enterprises (MSEs) registered on the platform have seen substantial growth from 2,424 to 12.25 lakh.
Inclusive Procurement and Social Impact
GeM has played a crucial role in promoting inclusive public procurement. MSEs have fulfilled orders worth more than ₹9.07 lakh crore, accounting for 45.6% of the cumulative GMV. More than 2.24 lakh women-led MSEs have fulfilled over 50 lakh orders valued at more than ₹99,147 crore, while 42,242 startups have secured orders worth over ₹65,633 crore through the platform.
An IIT Delhi study covering FY 2023–24 to FY 2025–26 estimated monetized benefits of ₹86,571.69 crore through price and process efficiencies, resulting in net social savings of ₹1,76,411.46 crore. The study found that in a comparison of 101 items with other e-marketplaces, GeM offered lower prices for 74.3% of the items, with a spend-weighted saving of 13.6%. These findings align with earlier assessments in the Economic Survey 2021–22, which had also recorded consistent procurement savings through the platform.
Operational Improvements and User Satisfaction
To enhance ease of doing business, GeM has implemented several seller-friendly measures. Transaction charges have been reduced from 0.50% to 0.30%, while orders up to ₹10 lakh have been exempted from transaction charges. As a result, 97% of all orders now attract no transaction fee. The maximum transaction fee has been capped at ₹3 lakh, and vendor assessment fees have been reduced by up to 92%.
According to interim findings of an Axis My India survey, 92% of buyers expressed satisfaction with their overall experience on the platform. Among sellers, 67% reported higher business volumes, while 78% indicated their intention to continue using the platform.
Technological Capabilities and Future Direction
GeM now digitizes the entire public procurement lifecycle and deploys Artificial Intelligence (AI) and Machine Learning (ML) tools to identify suspected cartelization, collusion, and order splitting. As a fully digital platform, it generates a rich transactional data trail that enables policymakers to monitor public procurement spending, identify inefficiencies, and design evidence-based policy interventions.
Chief Executive Officer Mihir Kumar stated that GeM has moved public procurement from opaque, fragmented processes to a single, transparent marketplace where capability determines success. The platform will continue to strengthen the use of data-driven technologies to promote fair competition, enhance value for public expenditure, and build a procurement ecosystem that is simpler, faster, more transparent, and value-driven for buyers and sellers, aligned with the vision of Viksit Bharat.