Government e Marketplace crosses ₹4 lakh crore GMV within 10 months of FY 2024-25
The Government e Marketplace said on 24 January 2025 that its gross merchandise value had reached ₹4.09 lakh crore as on 23 January, surpassing last year's high within 10 months of FY 2024-25.
Summary
The Government e Marketplace (GeM) reported on 24 January 2025 that its gross merchandise value (GMV) reached ₹4.09 lakh crore as on 23 January 2025, surpassing the previous fiscal year's record of ₹4 lakh crore within 10 months and growing nearly 50% year on year. The services segment accounted for ₹2.54 lakh crore (62%) and products for ₹1.55 lakh crore (38%). The Ministry of Coal was the top procurer at nearly ₹1.63 lakh crore, and GeM processed a record 49,960 orders in a single day.
Key facts
- Reported
- 24 January 2025
- GMV
- ₹4.09 lakh crore as on 23 January 2025
- Growth
- Nearly 50% year on year
- Services share
- ₹2.54 lakh crore (62%)
- Products share
- ₹1.55 lakh crore (38%)
- Top procurer
- Ministry of Coal, about ₹1.63 lakh crore
- Single-day record
- 49,960 orders
Practice MCQs 3 questions
Which ministry was the top procurer on the Government e Marketplace in FY 2024-25 as of January 2025?
Show answer
Correct answer: A — Ministry of Coal
PIB 2095901: the Ministry of Coal emerged as the top procurer with transacted order value of nearly ₹1.63 lakh crore.
What share of GeM's gross merchandise value in FY 2024-25 (as of 23 January 2025) came from the services segment?
Show answer
Correct answer: C — 62%
PIB 2095901: services accounted for ₹2.54 lakh crore, 62% of total GMV; products were 38%.
What was GeM's gross merchandise value for FY 2024-25 as on 23 January 2025?
Show answer
Correct answer: C — ₹4.09 lakh crore
PIB 2095901: GeM clocked a GMV of ₹4.09 lakh crore as on 23 January 2025, nearly 50% above the same period last year.