Besides some border issues, the two countries, as the world's two most populous nations, should join hands to forge a stronger working relationship.
"Disparities between the two sides should be controlled so that attention could be drawn towards the areas that need development in both countries, at a time when both sides feel they are faced with rare opportunities of development," said Liu Xiaoxue, an associate researcher at Asia-Pacific and Global Strategy Institute of Chinese Academy of Social Sciences.
Xi expressed the hope that the two countries can trust each other more and control their disputes to avoid weakening of bilateral ties.
He also called on the two countries to strengthen exchanges between media, think tanks and young people of the two countries to promote mutual understanding.
Calling China a great neighbor, Modi echoed Xi and said India was ready to communicate and cooperate more closely with China, increase cultural exchanges and properly handle disputes.
Cooperation between the two ancient Asian nations is further enhanced by the talks on Friday between Chinese Premier Li Keqiang and Modi.
A total of 24 treaties and Memoranda of Understanding have been signed, aiming to boost cooperation in areas including railway construction, aerospace, mineral exploitation, marine science and vocational education.
Four pairs of sister cities, provinces and states have been unveiled, including China's Chongqing City and India's Chennai City.
Modi's visit, said Mohan Guruswamy, a senior researcher at India's think tank Observer Research Foundation, gives priority to economic and trade relations, values cultural exchanges and does not direct against any third party in the development of bilateral relations.
Analysts in both countries believe that bilateral relations have huge potential and broad prospects. With substantial efforts exerted by both governments and both peoples, the two countries and the rest of the world could be largely benefited.
Modi's visit, which made headlines in almost all Indian media reports, is described as surprisingly good.
"Our cooperation not only benefit the two countries, but also send a positive signal to the world," Modi said.
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