Now Reading: GeM crosses Rs 20 lakh crore GMV, eyes AI-driven growth
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GeM crosses Rs 20 lakh crore GMV, eyes AI-driven growth
Government e-Marketplace (GeM) has crossed a cumulative Gross Merchandise Value (GMV) of Rs 20 lakh crore since its inception, with a record Rs 5 lakh crore recorded in FY 2025-26 alone, Commerce…
The Story in Brief
Government e-Marketplace (GeM) has crossed a cumulative Gross Merchandise Value (GMV) of Rs 20 lakh crore since its inception, with a record Rs 5 lakh crore recorded in FY 2025-26 alone, Commerce Minister Piyush Goyal announced. The platform has transformed public procurement from Rs 422 crore a decade ago, with over 3.78 crore orders processed. Registered Micro and Small Enterprises (MSEs) fulfilled orders worth over Rs 9 lakh crore, representing 45.6 per cent of the total GMV. Women-led MSEs executed over 50 lakh orders worth more than Rs 99,800 crore.
GeM CEO Mihir Kumar plans to replatform the system on Digital Public Infrastructure principles, making it capable of handling five to ten times current data and usage. The platform will integrate over 150 new APIs and deploy AI and machine learning for predictive analytics and monitoring vendor behaviour. Currently over 22 AI use cases are operational, focusing on nudging participants toward compliant behaviour. GeM also processed collateral-free working capital loans to over 25,000 MSEs through its GeM Sahay initiative.
The Indian Opinion
The government's claim that GeM is a 'key driver of self-reliance' ignores the real test: whether small vendors actually get paid on time. The platform's Rs 20 lakh crore GMV sounds impressive, but the 45.6 per cent share for MSEs masks continuing complaints about delayed payments and complex compliance. The real measure of success is not cumulative GMV but how many of these 2.25 lakh women-led MSEs see repeat orders. Until a vendor can show a bank statement with timely credits, the 'Viksit Bharat' foundation remains shaky.
Sources (2): government.economictimes.indiatimes.com, economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
