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AFFECTED SECTORS Australia's decision could upset India, its fifth-largest export market and the single biggest beneficiary of the 457 visa, accounting for one in four applicants. Australia wants to boost two-way trade with India, which now stands at nearly A$20 billion, but its decision, just days after Turnbull visited the south Asian nation, could hurt ties. India is examining the consequences of Australia's new visa policy in consultation with all stakeholders, a foreign ministry representative said in reply to a query. "This is also a matter we will be looking at in the context of CECA negotiations," the official added, referring to talks for an economic cooperation pact between the two countries. Leading IT lobby group NASSCOM said it expected limited fallout from the decision, though some firms among India's $150-billion tech industry could lose exemptions they had before. "The occupations being pruned in terms of jobs do not really impact our jobs in terms of the ICT segment," said Shivendra Singh, vice president of the grouping, the National Association of Software and Services Companies. But companies might face more paperwork, he added. "Companies will...probably have to doctor home mortgage loan Oak Laurel spend more time, effort and possibly money, also, to prepare in advance, and prepare on the ground, as well." For Sydney-based Shamim Ahmed, the outcome of roughly 10 applications filed last month, mostly for Asian clients under a temporary skilled visa category, hangs in the balance. "There is no clarity on the announcement, the details have not been published," Ahmed added. "This has increased our headache." Businesses have generally welcomed the decision but some industries fear being on the receiving end.

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