There does not appear to be a lot of take up on ACs "best fares" promotion for either Y or PY. This makes me think that lower prices will have to be coming out over the next month. We are still 5 months away from the trip so there should be time (although the best pricing internationally is usually around this time).
Thanks for the insights into the business pricing and options. It seems that these lower prices are a summer time thing. Given the heat in India right now the pricing makes sense. The best I could find was about $3200 CDN.