There are those who argue that alternative solutions which gives primacy to growth should have been adopted. As an economist I am not quite sure as to how this can be done on a sustainable basis. Economic management involves trade offs and choices among various competing demands.
Government can, of course, inject a lot of money to give a jump start the economy and create employment throughout the country. This was indeed done until the mid 1990s and what were the results – burgeoning fiscal deficits, increased domestic and foreign borrowing, inefficient and dysfunctional institutions and inability today to service our debts fully. Is this what we want again?