In pursuit of their efforts to further deepen economic cooperation and to enhance their closer development partnership, the two leaders have chose to establish a High-Level Economic and Trade Dialogue mechanism with the objective of achieving enhanced trade and commercial relations, as well as to better balance the trade between the two countries.
Without elaborating, Chinese President Xi Jinping said "we have engaged in candid discussions as friends", as they sat down for talks.
Both the leaders have chose to establish a High-Level Economic and Trade Dialogue mechanism to better balance trade between the two countries. It created some avoidable dissonance in the pre-summit scene setting, which is always seen as important in the India-China context.
Mr Modi mentioned that since ancient times, India and China have been major economic powers in the world.
China hopes itself will develop well and wishes India the same, said the president, adding that the two countries should help each other to accomplish their respective goals and "brighten up" each other.
Sixth, China and India should strengthen cooperation in worldwide and regional affairs.
Replying to a query, Gokhale said: "Kashmir issue was not raised and discussed at the informal summit".
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. Prime Minister Modi presented a specially woven shawl to President Xi Jinping, depicting the portrait of the visitor.
"Swachh Bharat" has been a pet project of the Prime Minister ever since he came to power in 2014 and his government, especially Minister Rajyavrdhan Singh Rathore also launched the #HumFitTohIndiaFit movement.
The development assumed importance in the light of India repeatedly expressing concern about its trade deficit of more than $50 billion with China.
Noting that China-India cultural and people-to-people exchanges bear great potential, the Chinese president urged both countries to take the 70th anniversary of China-India diplomatic relations next year as an opportunity to conduct broader and deeper cultural and people-to-people exchanges.
Modi and Xi "reiterated their understanding that efforts will continue to be made to ensure peace and tranquility in the border areas, and that both sides will continue to work on additional confidence building measures", said the Indian statement.
The president said they will instruct relevant departments of both sides to implement the results of the meeting so as to open up new prospects of China-India cooperation. The Foreign Secretary said China has expressed its willingness to address India's concerns on trade and agreed to look at ways to improve it in terms of volume and values.
Misri also stressed the importance of India-China cooperation under multilateral frameworks such as the Shanghai Cooperation Organization, BRICS and the G20.