If you are in the position, what would you advise instead of “IMPORTATION”?

Question

During inflationary situation, it is advised to increase importation. But this would cause an unfavorable BALANCE OF PAYMENTS which is also a negative economic determinant like inflation.What would you advise?

Answer 1

Increase a country's productive capacity (ie supply). Then a country can produce more without putting upward pressure on inflation or affecting the balance of payments.