The New Development Bank and the China-initiated Asian Infrastructure Investment Bank are important contributions to development and investment finance, he said.

The second informal summit is expected to continue to guide the development of China-India relations from a strategic and global perspective, said Zorawar Daulet Singh, a fellow at the Delhi-based Centre for Policy Research.

It shows that both leaders hope for bilateral ties to develop steadily, and the second informal meeting is seen as carrying that forward, Singh told Xinhua News Agency.