The two sides also discussed the welfare of the large Indian community in Oman.
Bilateral trade between Oman and India is worth around $5 billion per annum, which is likely to increase to $6 billion during the next financial year.
There are over 50 India-Oman joint ventures in the Gulf country.
India and Oman are also engaged in good defence cooperation with naval exercise Naseem-Al-Bahr (Sea Breeze) and air exercise Al Jisr Al Sharqi (Eastern Bridge).
Oman and India are also cooperating in anti-piracy operations in the Gulf of Aden.
Remittances from Oman to India are estimated at $3 billion annually.