Government e-Marketplace registers highest ever Gross Merchandise Value of more than Rs. 2 lakh crore

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In Financial Year 2022-23, Government e-marketplace (GeM) registered its highest ever Gross Merchandise Value of Rs. 2,01,113 crore.

Time and again, multiple studies have pointed out the impact created by GeM in terms of procurement savings to government buyers, including those by the World Bank and the National Economic Survey. A World Bank study in 2020 estimated an average of 9.75% cost savings via GeM and noted a significant increase in participation of sellers.

The Economic Survey 2021-22 included a cost comparison of offer prices for 22 common use goods listed on GeM versus listings on popular online platforms like Amazon and Flipkart. Prices on GeM were observed to be 9.5% lower in comparison with other online platforms for 10 out of 22 commodities.