Q. What is the rank of India’s ‘GeM portal’ as an e-commerce platform in the world?
Answer:
Third
Notes: India's Government e-Market (GeM) portal ranks as the world's third-largest e-commerce platform for public procurement. GeM's CEO PK Singh reported a gross merchandise value (GMV) exceeding Rs 4 lakh crore, doubling from the previous fiscal year. Launched in 2016, GeM facilitates transactions between government institutions and vendors, driving digital inclusion. The platform recorded Rs 2.01 lakh crore in orders for the last fiscal year, showcasing its significant growth trajectory.