In his media statement after the meeting, Modi said he and Prachanda have taken many important decisions to make the partnership between the two countries a 'super hit' in the future.
The opposition Nepali Congress had sought Prachanda's resignation after the Maoist government was reduced to a minority in the wake of CPN(UML) pulling out in protest against the decision to sack the Army Chief.
The pact was to run the government on a rotational basis until elections to the parliament are held.
Modi is likely to hold separate bilateral meetings with the foreign leaders.