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The MCC will come into effect the day the Lok Sabha poll schedule is announced. Elections need to be held before June 16 when the term of the 17th Lok Sabha ends.
While the UK has asked India to reduce duty on cars and whisky among other items, India has sought better access for its service sector workforce in the UK. The final deal could see India lower duty to a greater extent as India is a high tariff country.
The EMC is expected to reduce the transportation time between Indian and Russian ports in the Far East region by up to 16 days, compared to the current route via Europe.
In their second in-person meeting since the G20 Summit in Indonesia last November, the two leaders are said to have discussed the deep ties shared between the nations.
The Indian Ministry of External Affairs (MEA) also slammed the BBC documentary which aired its first of two episodes on January 17.