Modi will travel to Russia at Putin's invitation.
An External Affairs Ministry release said the visit will be an important occasion for the two leaders to exchange views on international matters in a broad and long-term perspective in order to further strengthen the special and privileged strategic partnership.
"Both leaders will discuss their respective national developmental priorities and bilateral matters," the release said.
It said that the informal summit was in keeping with the tradition of regular consultations between India and Russia at the highest level.
Putin had won a fourth term in office in March.
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