GeM gross merchandise value surges from Rs 422 cr to over Rs 1.55 lakh cr in a decade: Piyush Goyal
New Delhi, August 10
Government e-Marketplace recorded a Gross Merchandise Value of over Rs 1,55,000 crore, expanding from Rs 422 crore a decade ago, as public buying shifted to an end-to-end digital platform across the country.
Sharing the performance highlights, Union Minister of Commerce & Industry, Piyush Goyal, said that the platform transformed public procurement norms over the last ten years.
"From a Gross Merchandise Value (GMV) of Rs 422 crore a decade ago to over Rs 1,55,000 crore today, the Government e-Marketplace (GeM) has rewritten the rules of public procurement," Goyal said.
As of August 7, 2026, cumulative GMV on the marketplace crossed Rs 20 lakh crore since inception, covering a total of over 3.78 crore orders.
"Over 12.28 lakh Micro and Small Enterprises (MSEs), including more than 2.25 lakh led by women, and over 42,000 startups are registered on the portal, proving that grassroots empowerment is not merely a slogan for the Government under PM @NarendraModi ji, but a genuine commitment," Goyal added.
Participation among women entrepreneurs showed over 2.25 lakh registered women-led MSEs, which executed over 50 lakh orders worth more than Rs 99,800 crore. In the startup domain, over 42,000 entities fulfilled orders totaling more than Rs 65,900 crore in GMV. The dedicated Startup Runway feature showcased products from Department for Promotion of Industry and Internal Trade (DPIIT) recognized startups across 13 product categories.
Outlining the procedural developments on the platform, Goyal said, "Over the last ten years, the platform has enhanced competition, improved price discovery, reduced procurement cycle times, generated significant savings for the Government, and strengthened accountability through end-to-end digital procurement."
Registered Micro and Small Enterprises (MSEs) accounted for over Rs 9 lakh crore in fulfilled orders, representing 45.6 per cent of the cumulative GMV. Within this segment, more than 69,000 SC/ST-owned MSEs completed orders valued at over Rs 23,000 crore.
Regarding vendor accessibility, Goyal said it has made Government markets more accessible to "MSEs, startups, women entrepreneurs, Self Help Groups, artisans, and weavers, while championing the vision of Vocal for Local and Make in India."
To assist regional sellers, the platform created over 600 product categories under the One District One Product (ODOP) GeM Bazar. Additionally, the GeM Sahay initiative, which provided collateral-free working capital financing against active purchase orders for MSEs, registered over 25,000 users.
Concluding his remarks on the platform's role, Goyal stated that GeM "is emerging as a key driver of self-reliance that is also strengthening the foundation of a Viksit Bharat."
— ANI
Reader Comments
Impressive growth numbers indeed. But I do wonder about the actual implementation on the ground. Are small vendors from tier-2 and tier-3 cities really able to navigate this platform easily? The digital divide is still a reality in many parts of India. Would like to see more grassroots-level support.
Over 2.25 lakh women-led MSEs executing 50 lakh orders worth Rs 99,800 crore! As a woman entrepreneur myself, this gives me so much hope. GeM Sahay providing collateral-free working capital is a game-changer. This is how we empower women financially - not just slogans but real opportunities. 💪
The ODOP GeM Bazar initiative is brilliant - giving artisans and weavers from every district a direct platform to sell to the government. 600 product categories under One District One Product! This perfectly aligns with Vocal for Local. Our craftsmen deserve this national stage.
The growth is impressive, but let's not overlook the challenges. 45.6% of GMV from MSEs is great, but what about the SC/ST-owned enterprises? Only Rs 23,000 crore out of Rs 9 lakh crore seems disproportionately low. We need to ensure the benefits reach the most marginalized sections too.
Rs 20 lakh crore cumulative GMV since inception - these are not just numbers, they represent transparency in governance. End-to-end digital procurement means less corruption, faster processing, and better price discovery. As a taxpayer, this makes me feel our money is being spent more wisely. Well done GeM team! 👏
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