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of <h1>GeM Hits Rs. 4.09 Lakh Crore GMV in FY 2024-25, 50% Growth Powered by Services and Major Government Procurement.</h1> The Government e Marketplace (GeM) has achieved a Gross Merchandise Value (GMV) of Rs. 4.09 Lakh Crore within 10 months of Fiscal Year 2024-25, marking a 50% growth over the previous year. The services segment, contributing 62% of the GMV, has seen significant growth, with 19 new service categories introduced. Central Government entities, particularly the ministries of Coal, Defence, Petroleum & Natural Gas, Power & Steel, are major procurers. GeM has processed over 2.59 Crore orders since inception, showcasing its efficiency and robustness in streamlining procurement for government entities with over 1.6 Lakh buyers and 22.5 Lakh sellers.
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