Crossword Genius

Showing reluctance, northern monarch shoulders honorific Indian title (9)

Ross

I believe the answer is:

shrinking

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'showing reluctance northern monarch shoulders honorific indian title' is the definition.
I can't tell whether this definition defines the answer.

'showing reluctance northern monarch' is the wordplay.
'showing reluctance' becomes 'shri' (I am not sure about this - if you are sure you should believe this answer much more).
'northern' becomes 'n' (abbreviation e.g. N. Ireland).
'monarch' becomes 'king' (king is a kind of monarch).
'shri'+'n'+'king'='SHRINKING'

Can you help me to learn more?

(Other definitions for shrinking that I've seen before include "Shy person" , "Becoming smaller" , "Decreasing in size" .)

I've seen this clue in The Telegraph.
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