Under the Economic Survey, 22 products available on different portals including GeM have been compared. There are 10 such products, whose prices on GeM were about 9.5 percent lower than other portals.
GeM Portal Cheaper than Amazon, Flipkart: The prices of some goods available on Government’s digital procurement portal Government e-Marketplace (GeM) are lower as compared to other online platforms like Amazon, Flipkart and company websites. This has been revealed in the Economic Survey 2021-22 presented on Monday. Under this, 22 products available on different portals including GeM have been compared. There are 10 such products, whose prices on GeM were about 9.5 percent lower than other portals. According to the Economic Survey for 2020-21, the prices of these products were on average 3 percent lower than those of Amazon, Flipkart and the company’s websites.
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Principal Economic Adviser Sanjeev Sanyal said during the press conference on Monday, “We compare the prices of goods available on GeM portal with portals like Amazon, Flipkart. Do this to see if there is a huge difference in prices. We found that overall they are in the same ballpark and the prices on the GeM portal are actually slightly lower than the prices on Amazon or Flipkart.”
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These products are cheap
According to the Economic Survey, the price comparison tables on GeM and other portals as on January 6, 2022 include Parker Jotter Standard Ball Pen, Rorito Greetz Gel Pen Maxtron Gold Robotic Fluid Ink System Pen-Blue, Samsung Basic Television TV 43 Inch Products like LED Backlit LCD, Milton 1500ml Thermos, Nilkamal Dustbin 60 Ltrs, Bajaj Pulsar 220 F were cheap on GeM. Apart from this, products like Godrej Interio Elite Mid Back Chair, Godrej Interio Steel Almira 2400 mm (Slide n Store Compact Plus Wardrobe), Godrej Interio Rhine 3-Seater Recliner and Ambrane 27000mAh Li-Polymer Powerbank Type C are also compared to other digital platforms. GeM was cheap. However, there are also products in the sample comparison whose prices were higher on GeM than on other platforms.
According to GeM data, there are 36.7 lakh MSMEs and other sellers on this platform, of which 7.47 lakh are Micro and Small Enterprises (MSE) sellers and 57,578 are buyers. The current transaction value was Rs 1,87,509 crore, of which the MSE order value was 56 per cent.
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