Indian industry paid rich tributes to former Prime Minister Atal Bihari Vajpayee following his demise in August, saying the iconic BJP leader ushered in the second generation of economic reforms that promoted India’s rapid growth. “The second generation of economic reforms introduced under his visionary leadership contributed greatly to a facilitative investment climate which in turn promoted India's rapid growth,” CII President Rakesh Bharti Mittal said.

"FICCI mourns the loss of former PM Atal Bihari Vajpayee. It is a very sad day for India. He was one of the most dynamic leaders who ushered in an era of reforms, progress and took the country forward,” FICCI President Rashesh Shah said.

Mr Vajpayee is remembered for various policy actions that led to rapid growth in telecom, power, financial sector, insurance, agriculture, education and national highways that contributed hugely to unlocking the nation's economic potential.

“He won laurels for his views and ideologies that always aimed at cementing the diverse and complex nature of Indian polity and its society and at the same time put in a great deal of efforts for sustained economic development of the country,” PHD Chamber of Commerce and Industry President Anil Khaitan said.

As a mark of respect, the Confederation of All India Traders (CAIT) has appealed to the traders and business establishments in Delhi to remain closed for a day. “Atal ji was a political saint who laid new dimensions to Indian polity. His unflinching patriotism, oratory skills and the whole life will be an inspiration to nation. His death has caused a political void which can’t be filled,” CAIT President B.C. Bhartia said.