GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
The Government e-Marketplace (GeM) completes ten years of operations on 9 August 2026, having transformed public procurement through technology, transparency, efficiency, and good governance. The platform has facilitated a cumulative Gross Merchandise Value (GMV) of over ₹20 lakh crore through more than 3.78 crore orders, underscoring its significant role in India's public procurement ecosystem.
Growth Trajectory and Platform Adoption
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, reflecting accelerated adoption and increasing participation across the public procurement ecosystem.
Participant Expansion and Inclusive Procurement
Participation on the platform has expanded significantly over the past decade. The number of profile-completed sellers has increased from 3,339 to 25.45 lakh, while primary buyer organisations have grown from 1,707 to 1.37 lakh. Micro and Small Enterprises (MSEs) registration has increased from 2,424 to 12.25 lakh. 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.
Economic Impact and Efficiency Gains
An IIT Delhi study covering FY 2023–24 to FY 2025–26 estimated a monetised benefit of ₹86,571.69 crore through price and process efficiencies, resulting in a net social saving 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%. Earlier assessments in the Economic Survey 2021–22 had also recorded consistent procurement savings through the platform.
Operational Improvements and User Satisfaction
To improve ease of doing business, GeM has implemented several seller-friendly measures: transaction charges have been reduced from 0.50% to 0.30%, orders up to ₹10 lakh have been exempted from transaction charges (resulting in 97% of all orders attracting 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, while 67% of sellers reported higher business volumes and 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. According to CEO Mihir Kumar, the next decade will focus on deeper use of AI for better public value and equal opportunity for every enterprise, building toward the vision of Viksit Bharat with a procurement ecosystem that is simpler, faster, more transparent, and value-driven.