Please answer a question about the following article about Order of the British Empire:

India, while remaining an active member of the Commonwealth, chose as a republic to institute its own set of honours awarded by the President of India who holds a republican position some consider similar to that of the monarch in Britain. These are commonly referred to as the Padma Awards and consist of Padma Vibhushan, Padma Bhushan and Padma Shri in descending order. These do not carry any decoration or insignia that can be worn on the person and may not be used as titles along with individuals' names.

Who holds a republican position some consider to monarch of Britain?
President of India