UPSC Prelims 2017
Economy
The term ‘Domestic Content Requirement’ is sometimes seen in the news with reference to -
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.