He also called on the two countries to jointly advocate and push forward dialogue and exchanges among different civilizations, so as to inject more lasting driving force into the development of bilateral ties and continue to produce new glory for Asian civilizations.
Beijing is insistent that New Delhi must now sign the mega free-trade pact Regional Comprehensive Economic Partnership or RCEP, the talks for which began in 2012. He said the next few years would be critical for the two countries.
The Prime Minister also briefed Xi on the handlooms of Tamil Nadu.
India and China are both members of the RCEP along with 10 ASEAN nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam - and their trade partners - Australia, Japan, South Korea and New Zealand. Prime Minister Modi presented a specially woven shawl to President Xi Jinping, depicting the portrait of the visitor. "He also said the informal summit should continue and lead on for future leaders as well", foreign secretary Vijay Gokhale said today.
On the border dispute along the 3,488 km long Line of Actual Control (LAC), Jinping said, "In accordance with the agreement on political guiding principles, we will seek a fair and reasonable solution to the border issue that is acceptable to both sides". In his post-summit remarks, Modi said the leaders made a decision to prudently manage their differences and remain attuned to each other's concerns.
India has moved closer to the United States and its allies in seeking a counter-weight to China's growing military shadow in the Asia-Pacific region.
South Park Makes Unapologetic Jabs at Chinese Regime in Latest Episode
The screening roused significant talk on the online discussions supported by the dissent development however. Last week's episode, called " Band in China ", appeared to cross a new line for the Chinese authorities.
Climate change threatens extinction for most birds, especially in Canada
Likely problems for birds will be a disruption of food and nesting resources, and decreased habitat, according to the report.
Modi tells Xi relations are stable, differences manageable
On commerce, India and China are both facing a protectionist United States and want greater access to each other's markets. This year's one-in-one spelled "the start of a new era in India-China relations", PM Modi offered.
India and China had agreed that "it is important to support and strengthen the rules-based multilateral trading system at a time when globally agreed trade practices and norms are being selectively questioned", the Ministry of External Affairs (MEA) said in a release.
China supported Pakistan in raising India's actions at the U.N. General Assembly meeting in NY.
Xi said he has received grand welcome and warm hospitality from the Indian government and people, and has felt the profound traditional friendship between the two peoples throughout the visit.
Gokhale said that President Jinping also welcomed investment from India to China in sectors like information technology and pharmaceuticals.
Noting that he attaches great importance to the friendship with Xi, Modi said he is willing to maintain such conducive and effective strategic communication with Xi and together create a lovely future for India-China relations.
After the cultural performance, Modi hosted a special dinner for Xi.
"I want to state quite categorically that Kashmir was not raised or discussed", said Gokhale on Saturday.