GeM's Transaction Dip: A Focus on New Functionalities
The Government e-Marketplace (GeM) recorded transactions worth Rs 5.03 lakh crore in 2025-26, a drop of 7.4% from the previous year. The decline is attributed to reduced contributions from the coal sector. GeM has introduced new functionalities to boost efficiency, including rate contracts and global tender opportunities.
- Country:
- India
The Government e-Marketplace (GeM) witnessed a drop in its transaction value, amounting to Rs 5.03 lakh crore in the fiscal year 2025-26, reflecting a 7.4% decrease from the Rs 5.43 lakh crore seen in 2024-25, as stated by a senior official.
GeM CEO Mihir Kumar attributed this decline primarily to a reduced contribution from the coal ministry, whose participation in total sales decreased from 34% to 20% during this period. Notably, Coal India Ltd procured goods and services amounting to Rs 82,285 crore through the platform in the same fiscal.
Despite challenges, GeM achieved a cumulative Gross Merchandise Value (GMV) of Rs 18.4 lakh crore, crossing Rs 5 lakh crore GMV in 2025-26. Enhancements such as rate contracts, global tender enquiries, and multi-currency bidding have been integrated to improve platform efficiency, facilitating international seller participation.
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