GeM Hits ₹18.4 Lakh Crore GMV: Transforming Public Procurement in India

GeM Milestone: A Shift Towards Digital Procurement

GeM has reached an accumulated Gross Merchandise Value (GMV) of 18.4 lakh crore, and more than 5 lakh crore in FY 202526 alone. This is an important milestone of how fast India is moving towards digital procurement systems and the increasing work of GeM to achieve a more transparent, efficient and accessible public procurement.

Government e Marketplace (GeM) about.

GeM is a national portal of public procurement, created by the Ministry of Commerce and Industry in 2016. It offers an integrated online system where departments of the Central and State governments, Public Sector Undertakings (PSUs) and other related agencies can purchase goods and services. The project will streamline the procurement process and accountability and inclusivity.

The Platform has some important characteristics.

GeM is an all digital and cashless system that provides end-to-end procurements. It includes the use of AI-powered solutions to enhance efficiency and user experience. It also has a multilingual Learning Management System (LMS), voice-activated navigation, and location-specific training modules. The features assist in onboarding sellers across various geographical locations such as small and medium business enterprises and remote ones.

Goals and Procurement Processes.

The main aim of GeM is to promote transparency, speed and efficiency in government procurement. It provides a variety of procurement approaches like direct purchase, e-bidding, reverse e-auction, and direct reverse auction. GeM is more assured of better price discovery, standardisation, and economies of scale by requiring procurement via the platform.

Exam-Focused Key Points

• GeM was introduced in the year 2016 under the Ministry of Commerce and Industry.
• Government portal through which goods and services are procured by the government.
• GMV reached ₹18.4 lakh crore; ₹5 lakh crore in FY 2025–26.
• Characteristics: AI applications, multilingual LMS, voice interface.
• Procurement modes: e-bidding, reverse e-auction, direct purchase.

Governance and Economy Significance.

The expansion of GeM shows that it is one of the backbones of the Indian digital governance system. It has lowered the procurement expenses, increased transparency and created more opportunities to MSMEs. The platform enhances inclusive growth and institutional effectiveness in governance by facilitating a combination of technology and delivery of services to the people.