Anand has been awarded many prestigious titles in India like the Arjuna Award, the prestigious Padma Shri (the youngest recipient of the title), the first recipient of the Rajiv Gandhi Khel Ratna award, the Soviet Land Nehru award, the BPL Achievers of the World, Sportstar, Sportsworld "Sportsman of the year 1995" Award, One of the highest awards, the Padma Bhushan, the Sportstar, "Sportsman of the Millennium" award and the Birla "Living Legends Award".
Anand received the "Jameo de Oro", One of Spain's highest civilian award given to a foreigner.