QUESTION

Easy

Economy

Prelims 2017

The term ‘Domestic Content Requirement’ is sometimes seen in the news with reference to -

Select an option to attempt

Explanation

Domestic Content Requirement (DCR) is a policy tool used by governments to encourage local industries to grow and reduce dependence on imports. In the context of solar power production, DCR mandates that a certain percentage of solar equipment used in the production process must be domestically produced. This policy is aimed at promoting indigenous manufacturing and reducing dependence on imports.

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