GeM Emerges as Key Driver of India’s Digital Economy

Union Minister Piyush Goyal highlighted the remarkable growth of the Government e-Marketplace (GeM), describing it as a major transformation in India’s public procurement system over the past decade.

A GEM OF A DECADE!

From a Gross Merchandise Value (GMV) of ₹422 crore a decade ago to over ₹1,55,000 crore today, the Government e-Marketplace (GeM) has rewritten the rules of public procurement.

Over 12.28 lakh Micro and Small Enterprises (MSEs), including more than 2.25… pic.twitter.com/mroCKhOyC3

— Piyush Goyal (@PiyushGoyal) August 10, 2026

According to Goyal, GeM’s Gross Merchandise Value (GMV) has surged from ₹422 crore a decade ago to more than ₹1,55,000 crore today, reflecting the platform’s growing role in government procurement.

The minister said that more than 12.28 lakh Micro and Small Enterprises (MSEs) are registered on the platform, including over 2.25 lakh women-led enterprises. More than 42,000 startups have also registered on GeM.
Goyal said the digital procurement platform has helped increase competition, improve price discovery, reduce procurement cycle times and generate significant savings for the government. Its end-to-end digital procurement system has also strengthened transparency and accountability.

Over the past decade, GeM has expanded access to government markets for MSEs, startups, women entrepreneurs, Self Help Groups (SHGs), artisans and weavers. The platform has also supported the government’s Vocal for Local and Make in India initiatives.

Goyal described GeM as an increasingly important driver of self-reliance and the Viksit Bharat vision, with the platform helping create wider opportunities for smaller businesses and entrepreneurs to participate in government procurement.