Hi @sushy73and @Morpheus
Thanks for your responses. Just to clarify, I have installed my DCS on an external drive (D:), and accordingly, following is the path:
Since i chose the path while installation, it did not create a "savedgames" folder, however, it did create the "...Mods\Aircraft\" folder in which the aircraft i had bought (F-16C) also show up and also they work. Accordingly i have placed the rafale folder in the same folder, and still i get that error.
Just so you know, when i installed the dcs on external drive, DCS still did create the following folder on my drive:
So i even added a folder "aircrafts" and added this rafale folder there, but still it gave me the same error.
Please help