Courtesy of the India Times:
The applicant would have to fill up visa papers electronically, answer a few questions online and approach the consulate with a print-out of a one-page confirmation with barcode.
The article also provides some interesting statistics:
The number of students from India to the US increased by nine per cent, from 94,563 to 103,260 during 2008-09, Tyler said. China and Korea have the second and third largest students studying in the US, he added.
India is leading for the last eight years in a row, he said, adding that the growth in number of Indian students per year is between five to ten per cent.
The entire article can be found here.