I Highlight some reasons for this downfall, but there is light
1. The problem all began in 2011 with everyone knowing domains available for $2(Make that < $2) that gave a flood in registrations and hence people got into domain tasting, These domains were registered, parked and dropped a year later
2. There were another lot who also bought a lot of domain @ $2, more than we could handle, since we bought a domain for $2, and were just tasting it, if we did not want to hold on to the name we are ready to sell it for $10 - $50 after 8 months, we were selling really good names here and on other forums for $10 - $100 back in the end 2011 to the start of 2012 and it really hurt the market, So now Today every buyer thinks they can get a .in semi - premium/premium name for $10 - $50, What we were only doing is building renewal money for the domains we wanted to keep, as the harsh reality hit .in domains do not earn on parking and 8 months isnt enough to build a profit making site
But here is the light, 2014 - 2015 - End Users, If you bought a domain with an intention that there is an end user out there, hold on to it IMO,
Do not get hussled buy buyers telling you .in domains are weak the market is dead, so sell your brandable, short LLL.in for $50 - $100, let them not have it, If they think the market is weak whya re they trying to get in?
I feel this is good for .in domains that "domain flippers" dont want good names or are not willing to pay big
Reason: I always hated the fact that "domain flippers" made junk sites just to make a domain earn money, parking is fine to me(I Know .in domains cannot be parked legally) as an Internet User/Web Surfer would know that the page is parked compared to a real site, But using time and effort just to put up an unwanted site that just earns Adsense Doh! is ridiculous, Its a waste of advertiser money and resources (Thank You Google for cutting down on these content spinning scumbags)
But when an end user uses a domain for an actual Project/Operation/Startup/Enterprise/Website or Existing Business I know the value of .in will go up within India and Globally. I hope we have these turn of events and better