Government e Marketplace crosses ₹5 lakh crore gross merchandise value before the end of FY 2024-25
The Government e Marketplace (GeM) crossed ₹5 lakh crore in gross merchandise value (GMV) for FY 2024-25 more than 18 days before the financial year ended, the Ministry of Commerce and Industry announced on 17 March 2025.
Summary
The Ministry of Commerce and Industry announced on 17 March 2025 that the Government e Marketplace (GeM) had crossed ₹5 lakh crore in gross merchandise value (GMV) for FY 2024-25, more than 18 days ahead of the end of the financial year. The milestone came less than 50 days after GeM crossed ₹4 lakh crore GMV on 23 January 2025. GeM serves a buyer base of over 1.6 lakh government entities and has over 22 lakh sellers and service providers.
Key facts
- Announced
- 17 March 2025
- Milestone
- ₹5 lakh crore GMV in FY 2024-25
- Timing
- More than 18 days before FY end
- Previous mark
- ₹4 lakh crore crossed on 23 January 2025 (under 50 days earlier)
- Sellers
- 22 lakh+ sellers and service providers
Practice MCQs 2 questions
What gross merchandise value (GMV) milestone for FY 2024-25 did the Government e Marketplace (GeM) cross, as announced on 17 March 2025?
Show answer
Correct answer: A — ₹5 lakh crore
GeM crossed ₹5 lakh crore GMV for FY 2024-25 more than 18 days before the financial year ended.
GeM's ₹5 lakh crore GMV milestone (March 2025) came less than 50 days after it crossed ₹4 lakh crore. On which date was the ₹4 lakh crore mark crossed?
Show answer
Correct answer: B — 23 January 2025
GeM crossed ₹4 lakh crore GMV on 23 January 2025 and ₹5 lakh crore less than 50 days later.