GeM gross merchandise value surges from Rs 422 crore to over Rs 1.55 lakh crore in a decade: Piyush Goyal
- Source
- The Economic Times - Economy
- Source link
- https://economictimes.indiatimes.com/news/economy/finance/gem-gross-merchandise-value-surges-from-rs-422-crore-to-over-rs-1-55-lakh-crore-in-a-decade-piyush-goyal/articleshow/133088317.cms
- Published
- 2026-08-10 06:53:12
- Discovered by ProcIntel
- 2026-08-10 10:21:28
- Category
- Regulation, Tariffs, Sanctions & Trade
- Geography
- India
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
Government e-Marketplace (GeM) has recorded a Gross Merchandise Value of over Rs 1.55 lakh crore, up sharply from Rs 422 crore a decade ago, Commerce Minister Piyush Goyal said. As of August 7, cumulative GMV since inception crossed Rs 20 lakh crore, with 3.78 crore orders placed through the digital procurement platform.
Procurement Relevance Gate
FAIL
— score 7.0/100 — evaluated 2026-08-10 10:21:28
Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.