A printing and recording sheet comprises a substrate and an ink receiving layer of a crosslinked product of a composition which comprises a polymer resin and a crosslinking agent comprising a water-soluble or dispersible carbodiimide compound which is a condensation reaction product obtained by decarbonation condensation of at least one diisocyanate or a mixture of at least one diisocyanate and at least one triisocyanate. The reaction product is blocked at terminal isocyanate groups with a hydrophilic group.