What is GMV in the GeM portal?
The Governmente-Marketplace (GeM) serves as the Public Procurement Portal for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs), and affiliated organizations. GeM works to improve the transparency, efficiency, and inclusiveness of government procurement. GeM has the following advantages: It is a centralised and unified public procurement platform for government buyer organisations and suppliers of goods and services, and it is accompanied by: Policy changes for the current public procurement ecosystem Increased Inclusion and Ease of Doing Business (EoDB) with the Government (particularly for smaller organisations such as MSMEs) Process standardization supported by a regulatory framework A fully automated system enabled by technological breakthroughs The total worth of items sold through a client-to-client (C2C) exchange site over a certain period is referred to as the gross merchandise value (GMV). It is a measure of the business...