New Delhi, May 6 -- India and the United Kingdom on Tuesday concluded two major agreements - a comprehensive free trade agreement (FTA) and a social security pact - marking the end of over three years of protracted negotiations.

The milestone deal between the world's fifth and sixth-largest economies is expected to boost bilateral trade by £25.5 billion ($34 billion) by 2040, with liberalised market access and reduced trade barriers at its core.

He added that the agreements would deepen the strategic partnership and spur trade, investment, jobs, and innovation across both economies.

While the FTA is aimed at slashing tariffs, easing trade norms, and improving market access, the social security agreement - long sought by India - se...