India's union external affairs minister S Jaishankar had met with his Serbian counterpart Nikola Selakovic in New Delhi during the latter's visit to India.
Both the nations agreed to deepen the economic engagement during their "fruitful" talks.
The Serbian foreign minister arrived yesterday morning on a two-day visit to India.
"Warm and fruitful discussions with Serbian FM Nikola Selakovic. Reaffirmed our strong political bonds and independent stance in global politics," Jaishankar tweeted.
"Agreed to take forward our long-standing cooperation, especially on the economic side," he said.
The visiting Serbian minister called on Vice President M Venkaiah Naidu today before leaving for Doha.
The volume of bilateral trade was USD 142.7 million in 2016, which increased to USD 198.5 million in 2017, as per official data.
The bilateral trade in 2018 was recorded at USD 214.8 million that comprised Indian exports of USD 202.6 million.
Serbia and India have very good and friendly relations, based on close ties established when the Non-Aligned Movement was founded.
They have similar views on many international issues and a mutual interest for strengthening the political dialogue and improving cooperation in all policy areas.