GeM turns 10: cumulative GMV over ₹20 lakh crore

GeM’s first decade: what happened?

The first ₹10 lakh crore of orders took GeM more than eight years. The next ₹10 lakh crore came in under two. That speed-up is the story of this release, along with an outside study on how much money the platform saves.

• Profile-completed sellers grew from 3,339 to 25.45 lakh; buyer organisations from 1,707 to 1.37 lakh.
• Registered MSEs rose from 2,424 to 12.25 lakh.
• Over 2.24 lakh women-led MSEs fulfilled orders worth over ₹99,147 crore; 42,242 startups got orders worth over ₹65,633 crore.
• In a comparison of 101 items with other e-marketplaces, GeM was cheaper for 74.3% of items (spend-weighted saving 13.6%).
• AI and ML tools look for cartelisation, collusion and order splitting.

What did GeM change for sellers?

• Transaction charge cut from 0.50% to 0.30%.
• Orders up to ₹10 lakh carry no transaction charge, so 97% of orders pay no fee.
• Fee capped at ₹3 lakh; vendor assessment fees cut by up to 92%.
• In an Axis My India survey (interim), 92% of buyers were satisfied and 67% of sellers reported higher business.

Why does GeM’s first decade matter?

• Public money: Measured savings strengthen the case for buying through GeM.
• MSEs: Nearly half of all GeM business has gone to small firms.

What can Prelims ask on GeM’s first decade?

• GeM: launched 9 Aug 2016; ten years on 9 Aug 2026.
• Cumulative GMV over ₹20 lakh crore; MSE share 45.6%.
• Transaction charge 0.30%; nil up to ₹10 lakh.
• IIT Delhi study: FY 2023-24 to 2025-26.