A great read here from Teen Domainer on the Indian Domain Market:
Indian Domain Market Part 1: An Overview : Teen Domainer
Indian Domain Market Part 1: An Overview : Teen Domainer
There are a few markets I see that have potential right now. Education, travel, health, high end merchants, and mobile internet. Education because every other sign is for a college or some sort of education instution. People in India take huge pride in education and the companies because they have to target the younger more web savvy generation are using domains now. Travel because people in record numbers are going to India, its a great destination people speak English and its very cheap. Health and healthcare because India has some of the best healthcare centers in the world and people come from all over to utilize the doctors and hospitals. Lastly mobile because the phones used in India do not have full html web browsers like the iphone or my droid phone so mobile websites could be a big hit.