Mumbai, Oct. 9 -- Calling the US tariffs an "opportunity" for India to change from a services-based economy to one focused on creating indigenous products, Indian businessman Dr. Niranjan Hiranandani said on Thursday that the Donald Trump administration's move would boost India's progress toward achieving the vision of Atmanirbhar Bharat.

Speaking to ANI, Hiranandani noted that India had long been hesitant and lacked confidence, which led the country to primarily operate on a services-driven model, catering largely to US companies rather than developing its own products.

"I think what is going to happen is that the Indian mindset, which was working on a services business all the time, serve America, serve the rest of the world, not crea...