New Delhi, July 24 -- Cosmetics, chocolates, medical devices and aerospace goods from the UK are set to become sharply cheaper in India after the two countries signed a landmark trade deal on Thursday, while Indian seafood, textiles, leather footwear, and gems and jewellery get to enter the UK duty-free.

Lovers of Scotch whiskey and imported cars have reason to cheer too, though the duty benefits will unroll over the years-and in the case of automobiles, there will be stiff quotas on how many vehicles can be imported at lower duty, after which regular tariffs kick in.

The agreement kept out the UK's contentious carbon border tax, as well as post-study work visas for Indian students in the UK. On professionals moving between the two coun...