It is awarded for peace, disarmament, and development.
It was named after the former Prime Minister Indira Gandhi.
It was started in 1986 by Indira Gandhi Memorial Trust.
The award consisted of a monetary award of Rs 25 lakhs.
It recognizes efforts and works of organizations and individuals who are working to create international economic order, ensure that scientific discoveries are used to enlarge the scope of freedom.
Recently in September 2020, sir David Attenborough was awarded the prestigious Indira Gandhi Peace Prize for the year 2019.