{"id":38348,"date":"2025-03-03T19:16:07","date_gmt":"2025-03-03T13:46:07","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=38348"},"modified":"2025-03-03T19:16:09","modified_gmt":"2025-03-03T13:46:09","slug":"gem-impact-indian-economy","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/03-03-2025\/gem-impact-indian-economy","title":{"rendered":"Impact of GeM on India\u2019s Economy"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/ Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Government e-Marketplace (GeM) has revolutionized public procurement in India benefiting government buyers and small businesses alike.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is GeM?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Government e-Marketplace (GeM)<\/strong> is an online platform for public procurement in India. It was launched in <strong>2016<\/strong> by the <strong>Ministry of Commerce and Industry<\/strong> to enhance transparency, efficiency, and speed in government procurement.<\/li>\n\n\n\n<li><strong>Objective: <\/strong>To create an open and transparent procurement platform for government buyers.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Core Principles of GeM<\/strong><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"accce3\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"199\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/03\/Core-Principles-of-GeM.png\" alt=\"Core-Principles-of-GeM\" class=\"not-transparent wp-image-38349\" style=\"--dominant-color: #accce3; width:572px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/03\/Core-Principles-of-GeM.png 662w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/03\/Core-Principles-of-GeM-300x90.png 300w\" sizes=\"auto, (max-width: 662px) 100vw, 662px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Features of GeM<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SWAYATT<\/strong> is the portal&#8217;s commitment to enhance ease of doing business and establish direct market linkages to annual public procurement for startups, women entrepreneurs, Micro &amp; Small Enterprises (MSEs), Self Help Groups (SHGs) and youth.<\/li>\n\n\n\n<li><strong>Startup Runway 2.0<\/strong> is an opportunity for Startups to showcase their innovative products and services to Government buyers and engage in public procurement.\n<ul class=\"wp-block-list\">\n<li>GeM has created a dedicated marketplace category for all Startups to list their products and services, irrespective of their <strong>DPIIT-certification<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Womaniya<\/strong> initiative seeks to showcase products made by women entrepreneurs and women self-help groups [WSHGs].<\/li>\n\n\n\n<li>GeM is collaborating with various stakeholders from the <strong>Micro, Small and Medium Enterprises [MSME]<\/strong> ecosystem with special focus on entrepreneurs from the <strong>Scheduled Caste\/ Schedule Tribes [SC\/ ST].<\/strong><\/li>\n\n\n\n<li><strong>The SARAS Collection <\/strong>is a pristine handcrafted collection of handicrafts, handloom textiles, office d\u00e9cor, furnishings, accessories, event souvenirs, personal hygiene and care products from top of the line SHGs in India.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Impact of GeM<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cost Savings: <\/strong>Competitive pricing has resulted in lower procurement costs for the government.<\/li>\n\n\n\n<li><strong>Wider Market Access: <\/strong>Vendors from across the country, including rural areas, can register and sell their products.<\/li>\n\n\n\n<li><strong>Boost to MSMEs &amp; Startups:<\/strong> Nearly <strong>50%<\/strong> of the orders on GeM are from MSMEs, promoting small businesses.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Concluding remarks<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The platform&#8217;s strategic initiatives have significantly contributed to the <strong>ease of doing business<\/strong> and enhanced participation in government procurement.\u00a0<\/li>\n\n\n\n<li>As GeM continues to evolve, it remains committed to its vision of creating a sustainable, open, and competitive marketplace, driving India&#8217;s progress towards inclusive and transparent public procurement practices.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=2107510#:~:text=The%20Strategic%20Impact%20of%20GeM%20on%20India&#039;s%20Economy&amp;text=In%20India%2C%20the%20Govern\" rel=\"nofollow noopener\" target=\"_blank\"><strong>PIB<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government e-Marketplace (GeM) has revolutionized public procurement in India benefiting government buyers and small businesses alike.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-38348","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/38348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=38348"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/38348\/revisions"}],"predecessor-version":[{"id":38350,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/38348\/revisions\/38350"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=38348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=38348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=38348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}