The actress has been awarded a Padma Shri in recognition of her performance in English Vinglish and her contribution to Indian cinema, IANS reports.
"It's my good fortune that people still love me and want me on screen," said Sridevi. "The Padma Shri came as a very pleasant surprise. I am deeply honoured.
"I don't know what I did to deserve it. But I must have done something right to be honoured by our government."
Sridevi made a comeback to Bollywood with the Gauri Shinde-directed film about an Indian housewife struggling to cope with language and cultural barriers while visiting the US.
The actress, who missed out on the top prizes at the recent Filmfare and Screen Awards, said that awards are not a priority.
"At this stage in my life and career, I don't hanker for any awards. But the Padma Shri is special. It shows that the government has recognised my work, and that feels good. Acknowledgement and recognition from authoritative quarters are important to every artiste."
"Somewhere I think my honesty towards my word is being acknowledged by the Padma Shri," explained Sridevi. "That I've managed to go so far in my life is all due to the support of my fans and well-wishers and my husband Boney."
The 47-year-old star added that she is open to considering other offers for film roles.
"But it has to be something that appeals to me as an actress, like English Vinglish. At this juncture of my life, I am not hankering to face the camera. I've done every kind of role. It's the real-life mum's role that I enjoy the most," she said.
It has been reported that the actress may work with her husband, Mr India director Boney Kapoor, on her next film venture.