You don't need a transit visa
Hi parshu
I just came back from India ( by Air India) . My case is like yours (485 pending, H-1 expired, AP upto Oct2004).Air India will not allow passengers to get out of the plane . You will be sitting inside the plane and cleaning crew will come inside and do their job .Remember you have to identify the hand bags in Paris. Airport security person will come inside and ask you to identify the bags. If they find any unclaimed bag it will be offloaded.So DON'T SLEEP during that short stay(1-1 1/2 hour).
If you are a Vegi.... ask for Veg food from Paris , they serve Veg food only for listed passengers or you may have to wait.....
Enjoy the flight...........