An interesting piece by Shay Rahman about his experiences investing in the .in market, how he has made money and what opportunities exist:
Investing in Indian Domains - My Story | Domain Names, Designs, Development & Monetization
There have been some mixed views when it comes to investing in Indian domain names. For some, it has been very lucrative but for other speculators its so far been quite frustrating. Like with the introduction of any new extensions, too many people jumped in head first when .in (India?s top level domain extension) was first released. Those who put some thought into it and had a plan - have already seen good returns. Those who followed the hype without research have been left with a sour taste.
Investing in Indian Domains - My Story | Domain Names, Designs, Development & Monetization