GeM Marks 10 Years, Crosses Rs 20 Lakh Crore in Cumulative Procurement

The Government e-Marketplace (GeM), India's central platform for public procurement, has completed ten years since its launch on August 9, 2016. As of August 7, 2026, the platform has facilitated a cumulative Gross Merchandise Value (GMV) of over Rs 20 lakh crore, processed through more than 3.78 crore orders.

The platform's annual GMV has grown from Rs 422 crore in FY 2016-17 to over Rs 5 lakh crore in each of the last two fiscal years. In the first four months of FY 2026-27 alone, GeM recorded a GMV of Rs 1,47,888 crore. Notably, while the first Rs 10 lakh crore in cumulative GMV took over eight years to achieve, the next Rs 10 lakh crore was added in under two years, reflecting accelerating adoption.

Mihir Kumar, CEO of GeM, stated that the platform has shifted public procurement from opaque, fragmented processes to a single, transparent marketplace. He added that the next decade will focus on deeper use of AI to ensure better value for the public and equal opportunity for enterprises.

The platform has seen significant growth in its user base, with profile-completed sellers rising from 3,339 to 25.45 lakh and primary buyer organisations from 1,707 to 1.37 lakh. Registered Micro and Small Enterprises (MSEs) have increased from 2,424 to 12.25 lakh.

MSEs have fulfilled orders worth over Rs 9.07 lakh crore, accounting for 45.6% of cumulative GMV. More than 2.24 lakh women-led MSEs have completed over 50 lakh orders worth more than Rs 99,147 crore. Additionally, 42,242 start-ups have secured orders worth over Rs 65,633 crore.

An IIT Delhi study covering FY 2023-24 to FY 2025-26 estimated a monetised benefit of Rs 86,571.69 crore from price and process efficiencies. This includes Rs 85,940 crore from the estimated-versus-contracted price gap, Rs 590.74 crore in notional publicity value, and Rs 40.95 crore from payment-cycle financing gains.

A comparison of 101 items against other e-commerce platforms found GeM items were cheaper 74.3% of the time, delivering a spend-weighted saving of 13.6%. This aligns with earlier assessments, including the Economic Survey 2021-22.

Data indicates that 58.83% of MSEs currently supply within a single state, while 25.94% operate across 2-5 states, highlighting a mix of hyperlocal and multi-state participation.

Transaction charges have been reduced from 0.50% to 0.30%, with orders up to Rs 10 lakh now free. Currently, 97% of all orders attract no transaction fee, with a maximum fee cap of Rs 3 lakh. Vendor assessment fees have also been reduced by up to 92%.

An interim Axis My India survey of 240 buyers found 92% overall satisfaction, with 82% rating the platform on transparency, 76% on inclusivity, and 71% on efficiency. On the seller side, 67% reported higher business volumes and 78% intend to continue on the platform.

GeM now digitises the full procurement lifecycle and uses AI/ML tools to flag suspected cartelisation, collusion, and order-splitting. As the platform enters its second decade, officials say the focus will shift to deeper data-driven intelligence to strengthen fair competition and deliver better value for public money, in line with India's Viksit Bharat goals.