74-year-old Sirleaf, the first democratically elected women Head of State of any African country, was honoured for serving as an example and an inspiration for ensuring the return of peace, democracy, development, security and order in Liberia and for her strong interest in the consolidation and improvement of ties between both the nations.
The award ceremony for the 2012 prize for President Sirleaf, a Nobel Peace Prize winner, was held at Rashtrapati Bhavan and was attended among others by Vice President Hamid Ansari, Prime Minister Manmohan Singh and Lok Sabha Speaker Meira Kumar.
Sirleaf is the 27th recipient of the Indira Gandhi Prize for Peace, Disarmament and Development which is in recognition of the values she stood and fought for in the service of India and its people.
"India and Liberia have a longstanding relationship of friendship and cooperation. We stand with President Sirleaf in her efforts to pursue stability, economic growth and democratic governance for the Liberian people," Mukherjee said.
"It is, therefore, befitting that the Indira Gandhi peace prize honours those who have made significant contribution to peace, disarmament and development, causes that were so dear to Indiraji. She was truly one of the twentieth century's most remarkable personalities," the President said.