Chauhan suffered a brain injury after receiving a blow on her head while practicing. She was rushed to Nair Hospital, where she underwent a brain surgery.
The boxer is out of coma now and has been shifted to the general ward.
IABF president Abhishek Matoria said it was unfortunate for the young boxer and her family to undergo such a trauma.
"Our prayers are with Manisha and her family, we hope she responds well to the medical treatment and gets back on her feet as soon as possible," Matoria said in a statement.
"We have also requested Maharashtra State Boxing Association (MSBA) to keep a close eye on her and update us with her progress," he added.
The president said though the popularity of the sport was on increase people should remember that boxing is a contact sport and should take necessary preventions before setting their feet in the ring.
"The popularity of sport is fast increasing, but we have to remember that boxing is a contact sport and it is imperative to always take the necessary precautions and also be aware of your physical condition and capabilities," he said. (MORE)