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In 2010, India and China set a target to reach $100 billion in bilateral trade by 2015.
Xi Jinping says the two countries need to boost bilateral people-to-people exchanges.
China agreed to double oil supplies and has thrown support behind construction of a natural gas pipeline from Russia.
China has targeted 7.5 per cent economic growth and 3.5 per cent inflation this year.
The new president has proposed five steps to boost ties between the two countries.
The Chinese president says that the voice of emerging markets and developing countries should be increased.
The Chinese leader is likely to meet with African leaders to discuss strengthening Sino-Africa ties.
Experts says the two countries should more efficiently promote common interests in the international arena.
The Chinese president has promised that 'the great cause of socialism' will benefit everyone in China.
The new president will attend the 5th BRICS Summit in South Africa later this month.
