Modi said he felt that President Xi has attached great importance to and has guided the development of India-China relations.
India and China are countries with ancient civilizations and important neighbors, he said, calling on the two sides to strengthen dialogue, exchanges and cooperation, and maintain peaceful co-existence and ever-lasting friendship.
Modi said he paid high attention to the announcement at the 19th National Congress of the Communist Party of China (CPC) that socialism with Chinese characteristics had entered a new era, while India has its own goal of a "new India."
He agreed with Xi that as two largest developing countries with a combined population of 2.6 billion and two large emerging economies, India and China are stabilizing factors of the world.
He said the development of India and China has important influence on the world, and has positive significance to the vast developing countries.
India and China should make joint efforts in making greater contribution to peace, stability and prosperity of Asia and the world in the 21st century, Modi said, agreeing to maintain high-level strategic communication with China.
The two countries have common concept, a common resolve and common visions in developing bilateral ties, he said.
Modi suggested that the two sides should strengthen contacts and cooperation, enhance mutual understanding and trust, properly handle and control their differences and boost people-to-people friendship, so as to upgrade bilateral relations to a new level.
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