Recently, in G7 meeting, Modi of India gave various gifts to his counterparts.
I was wondering if POTUS Mr. Biden does the same?
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Yes, the office of the US President does participate in gift exchanges, along with pretty much every other world Head of State and/or Head of Government. Since personal gifts aren't technically allowed from foreign governments to US officials (if the item is expensive and the recipient wants to keep it, they must buy it back from the government personally), the process is somewhat involved. The US State Department periodically releases lists of the gifts passed over, which occasionally generates news stories when there are interesting items, or possible corruption issues.
Here are some recent examples: