Jaishankar said the challenge for the diplomacy of the two countries would be on how to adjust to each other's rise.
The MEA said Pakistan has no locus standi to comment on internal affairs of India, asserting that the Union territories of Jammu and Kashmir and Ladakh have been and will remain an integral part of the country.
In his recently-released book "The India Way: Strategies for an Uncertain World”, he also says that India is not the only country focused on coming to terms with China as the entire world is doing so, each nation refashioning its terms of engagement in its own way.
The consensus was reached during talks between External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi in Moscow
The talks between the two foreign ministers are taking place in the backdrop of a massive spike in border tensions in eastern Ladakh triggered by fresh face-offs between Indian and Chinese troops along the LAC in eastern Ladakh.
India China Border News highlights: The focus of the bilateral talks between S Jaishankar and Wang Yi are expected to be on finding a breakthrough in cooling down temperatures in eastern Ladakh.
Under the RIC framework, the foreign ministers of the three countries meet periodically to discuss bilateral, regional and international issues of their interest.
The SCO meetings are taking place at a time when India and China, two of the bloc's members, are engaged in a fierce border row in eastern Ladakh.
"After 45 years, we have had military casualties on this border," said External Affairs Minister S Jaishankar.
India and China are currently locked in a bitter border row in eastern Ladakh and both sides are engaged in diplomatic and military talks to resolve it.
The external affairs minister said India's concessional lines of credit of close to $10 billion to Bangladesh are the largest it has extended to any country.
Jaishankar said beyond trade, there is a much bigger connect between India and the US which he called knowledge innovation.
Jaishankar also said that he is looking forward to welcoming him to India.
In his book, S Jaishankar talks about how India struggled to gain influence as its foreign policy carries "three major burdens" from its past.
Jaishankar's no-holds-barred attack on Gandhi came after the former Congress chief hit out at the government saying that over the last six years, India has been "disturbed and disrupted" with regard to its foreign policy and economy.
India now has a "good sense" of the build-up on the Chinese side of the Line of Actual Control owing to cooperation and information-sharing between New Delhi and Washington, a report suggests.
In his address via video conference on the occasion of the Passport Seva Divas, Jaishankar also said the government intends to open a Post Office Passport Seva Kendra in every Lok Sabha constituency.
Jaishankar comments in presence of Chinese Foreign Minister Wang Yi came in the midst of an escalating border row between India and China following killing of 20 Indian soldiers in the Galwan Valley clash.
This is an extraordinary meeting of the foreign ministers to discuss the COVID-19 situation, an official told PTI.
Foreign Secretary Harsh Vardhan Shringla held a video-conference with chief secretaries of a number of states as part of efforts to ensure proper coordination in the operation christened 'Vande Bharat Mission', sources said.
Officials said the interaction was part of India's overall aim to broaden ties with these countries besides understanding the current situation arising out of the coronavirus pandemic.
"We're working with our friends in Australia, India and Japan, New Zealand, the Republic of Korea, and Vietnam to share information and best practices as we begin to move the global economy forward,” Pompeo told reporters at a news conference here.
"234 Indians stranded in Iran have arrived in India; including 131 students and 103 pilgrims.
He said around 6,000 Indians are stranded in Iran, including 1,100 pilgrims from Maharashtra and Jammu and Kashmir.
While the main purpose of the minister's visit is not yet known, there is speculation that he might meet families of the students stranded in Iran.