- In 2005, he received the Indian civilian award Padma Vibhushan.
- He was one of India's most eminent cartoonists, the creator of the iconic cartoon character "The Common Man", always clad in a distinctive checked shirt and dhoti. His cartoon strip, "You Said It", appeared on the front page of the Times of India every day for almost 60 years. Laxman lampooned everyone from Jawaharlal Nehru to Indira Gandhi to Atal Bihari Vajpayee.
- He also drew sketches for stories written by his equally famous brother, the late R.K. Narayan.
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