Sharma was a prominent leader in the student and youth movement in India, a founder member of the Congress Party's students wing the NSUI. He was also a former President of the Youth Congress. Sharma asserts that the country needed investment in the manufacturing sector and the cost of credit must be brought down for this purpose. In February 2012, Sharma led a business delegation of more than 120 people to Pakistan for improving trade ties. During this visit, he discussed the revision of the existing visa bilateral agreement, signed in 1974, with his Pakistani counterpart Makhdoom Muhammad Ameen Faheem, to facilitate travel by bonafide businessmen from both the countries.
Aug. 2004 – Jan. 2006 Member, Parliamentary Standing Committee on Defence; Member, Consultative Committee for the Ministry of External Affairs; Member, Joint Committee on Salaries and Allowances of Members of Parliament
Aug. 2004 – July 2006 Member, Business Advisory Committee
Conferred “The Order of the Companion of Volta”, top Ghanaian civilian award on 10 November 2008 by President John Kofi Agyekum Kufuor for his commitment to South-South cooperation.
Honoured with the “Commander of the National Order of Merit”, the highest civilian award of Ivory Coast on 14 January 2009 by the President.
Special Award for his contribution in strengthening India-South Africa relations given by South African President Jacob Zuma on the occasion of 150 Years of the First Arrival of Indians in South Africa.