10 years behind China.
That's why Indian domains are still so cheap..
Even many 3 letters.in are available..
It's ridiculous for the huge nation with 1.1 billion people.
.in & .co.in domains are only cheap if you sell them cheap! I have simply followed a policy of having a minimum (high for premium names) pricing scale for my names and I will not sell below that range. We make the market, buyers and sellers- if you sell cheap then the market will look cheap. I will not undersell, if others start to do that then prices will rise.
If you are not on board the train has already left the station!