Zhang Ping, Chairman of the National Development Reforms Commission (NDRC), a Chinese official body akin to Planning Commission of India and Vice Foreign Minister Fu Ying attended the reception.
A number of Chinese civil and military officials, besides diplomats of various countries also attended the celebration marked by a special Bharatanatyam performance by a team of dancers from India.
In a brief address, Jaishankar said a number of high level visits by leaders and officials both countries, including that of President Hu Jintao to attend the BRICS leaders summit last year, has provided good momentum for bilateral relations.
The two countries made a "rapid start" this year with exchanges in the fields of finance, defence and capacity building providing high expectations.
2012 was saw the Indian Embassy move to a spacious new building.