External Affairs Ministry spokesperson Gopal Baglay called it a "trade and services issue and not a matter relating to immigration."
He said India will make an overall assessment of the impact of the changes after the US' internal process relating to the visa programme was over.
"It is not an immigration issue. It is a trade and services issue... There is a mutuality of interests involved," he said, also referring to large number of US professionals working in American IT companies in India.
He said visa issue will be part of the India's talks with the countries where changes in visa programme have been made which are impacting Indian professionals.
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The MEA spokesperson said the executive order has to be "acted upon".
"It is an internal process in the US which will unfold in the coming days and weeks and we will keep a close watch on that. We will keep this issue on our radar," he told reporters.
Calling the professionals "brick builders" between the two countries, he said there is a "mutuality of interests involved" on the issue.
The US, under the new executive order, proposes to replace the current lottery system for issuing H-1B work visas with a merit-based approach.
He also played down concerns over Australia replacing its popular 457 work visa regime with another programme, saying senior Australian officials have told India that it will have "negligible" impact on Indian professionals who are in high- skill category.