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GS2 · Governance

GeM at nine: ₹5.4 lakh crore GMV

1 min reade-Governance
Battle IAS current affairs title card: GeM at nine: ₹5.4 lakh crore GMV (GS2 · Governance, 8 August 2025)

What happened

  • GeM recorded ₹5.4 lakh crore GMV in FY 2024-25 [PIB].
  • On its 9th Foundation Day it removed caution money for sellers and cut transaction charges, exempting 97% of orders [PIB].

Background

  • GeM was launched in 2016 [PIB].

Why it matters

  • Open portals reduce collusion in public procurement.

How to use this in Mains

GS-II Governance, transparency and accountability, e-governance

  1. As per PIB (2025-08-08): geM recorded ₹5.4 lakh crore GMV in FY 2024-25.
  2. Open portals reduce collusion in public procurement.
Quotable data point

On its 9th Foundation Day it removed caution money for sellers and cut transaction charges, exempting 97% of orders.

PIB: GeM 9th Foundation Day, 8 Aug 2025

Exam angle

UPSC

Prelims: GeM.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

GeM GMV in FY 2024-25

Answer (b) & explanation

PIB.

Go deeper

Explainere-Governance in India: Meaning, Models, Digital India, Digital Public Infrastructure and Challenges (UPSC Notes + PYQs)

Official source: PIB: GeM 9th Foundation Day, 8 Aug 2025

facts from cited sources only; faculty review pending