The two leaders met at the Elysee Palace, the official residence of the president of France.
"A meeting to mark a new warmth and friendship. PM @narendramodi meets new French President Emmanuel Macron in Paris," Ministry of External Affairs spokesperson Gopal Baglay tweeted along with some pictures of the two leaders.
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The two sides are expected to issue a joint declaration after the Modi-Macron meeting.
"I would be exchanging views with the French President on important global issues including UN Security Council reforms and India's permanent membership of the UN Security Council, India's membership of the various multilateral export control regimes, counter-terrorism cooperation, collaboration on climate change and International Solar Alliance," Modi had said ahead of the visit.
France is India's 9th largest investment partner. France is also a key partner in India's development initiatives in areas like defence, space, nuclear and renewable energy, urban development and railways.
Prime Minister Modi had also called up Macron to congratulate him on his poll victory and said he looked forward to work with him to further deepen the bilateral ties.
39-year-old Macron created history last month by becoming the youngest president of France.
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