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.
Linked concepts
Revision pages for syllabus ideas tested in this PYQ.