GeM gross merchandise value surges from Rs 422 crore to over Rs 1.55 lakh crore in a decade: Piyush Goyal

Government e-Marketplace (GeM) has witnessed a remarkable surge in Gross Merchandise Value (GMV) over the past decade, growing from Rs 422 crore to over Rs 1,55,000 crore. Union Commerce & Industry Minister Piyush Goyal highlighted the platform's transformation of public procurement norms in India. As of August 7, 2026, GeM's cumulative GMV reached Rs 20 lakh crore, with more than 3.78 crore orders to its credit.

The marketplace has registered over 12.28 lakh Micro and Small Enterprises (MSEs), including 2.25 lakh women-led enterprises and 42,000 startups. Notably, women entrepreneurs have executed over 50 lakh orders worth Rs 99,800 crore. Startups have contributed to GMV by fulfilling orders worth Rs 65,900 crore. The Startup Runway feature showcased products from DPIIT-recognized startups across 13 product categories.

Procedural advancements on the platform have improved competition, enhanced price discovery, reduced procurement cycle times, generated savings for the government, and strengthened accountability through digital procurement. Over 45.6% of the GMV was fulfilled by registered MSEs, with more than 69,000 SC/ST-owned MSEs completing orders worth Rs 23,000 crore.

GeM has made government markets more accessible to MSEs, startups, women entrepreneurs, self-help groups, artisans, and weavers, promoting the Vocal for Local and Make in India initiatives. The platform has also created over 600 product categories under the One District One Product (ODOP) GeM Bazar and provided collateral-free working capital financing through the GeM Sahay initiative, registering over 25,000 users.

Goyal emphasized that GeM is emerging as a key driver of self-reliance and strengthening the foundation of a Viksit Bharat.