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RE: LeoThread 2025-10-18 14-48

in LeoFinance2 months ago

Part 4/12:

The platform’s impressive scale is highlighted by daily participation and transaction numbers. GeM witnesses around 22,000 daily participations, issuing approximately 17,000 orders and handling up to 2,000 tenders at peak times. These statistics underscore the magnitude of the platform's operations.

Financially, the platform has handled nearly $65 billion (approximately Rs. 4.8 lakh crore) worth of government transactions in the fiscal year 2024–2025, showing an exponential growth trajectory from just $12 billion a few years prior. Comparing itself globally, India’s GeM is the second-largest digital procurement system after South Korea, a testament to its efficacy and scale.

Cost Savings and Efficiency Gains