GS PrelimsEconomyTrade Policy2017

The term 'Domestic Content Requirement' is sometimes seen in the news with reference to

A

Developing solar power production in our country

B

Granting licences to foreign T.V. channels in our country

C

Exporting our food products to other countries

D

Permitting foreign educational institutions to set up their campuses in our country

Correct Answer: Option A

Explanation

1. The term 'Domestic Content Requirement' (DCR) refers to a policy measure that mandates a certain percentage of goods or services used in a project or production process must be sourced from domestic manufacturers within the country. 2. This term was frequently seen in the news specifically in reference to India's National Solar Mission. 3. Under this mission, the Indian government initially mandated the use of domestically manufactured solar cells and modules for certain categories of solar power production projects to boost local manufacturing. 4. This policy became controversial and was challenged at the World Trade Organization (WTO), leading to significant media coverage. 5. Options (B), (C), and (D) are not the primary contexts in which DCR gained prominence in Indian news.

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