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Analysis Study Research Paper | Procurement and Supply Chain Management | India | Volume 12 Issue 11, November 2023 | Rating: 4.7 / 10
Digital Transformation in Government Procurement: Assessing the Impact of GeM in India
Aditi Keer
Abstract: Public procurement utilizes a substantial portion of taxpayers' money. Governments are expected to follow strict procedures to ensure that the process is fair, efficient, transparent and minimizes wastage of public resources. Public procurement refers to the process by which governments and state - owned enterprises purchase goods and services. It is a key economic activity of the government which accounts for nearly 15 - 20% of global GDP. In India, public procurement constitutes about 22% of the GDP. Procurement of goods and services is carried out by various ministries, departments and other local bodies, statutory corporations and public undertakings both at the Central and State level. As public procurement utilises a substantial portion of taxpayers? money, governments are expected to follow strict procedures to ensure that the process is fair, efficient and transparent in order to minimize wastage of public resources. A robust Public procurement system always aims at promotion of efficiency to avoid mismanagement and waste of public funds. Moreover, the public sector, being a large purchaser of goods and services has power to influence the overall resource allocation in the domestic economy which has a deep impact on the overall competitiveness, economic efficiency, socio - economic factors and the pace of product & technological innovation.
Keywords: Government e Marketplace, Public Procurement, Digital Transformation, E - Governance, India
Edition: Volume 12 Issue 11, November 2023,
Pages: 2010 - 2014