I just calculated using this Starwood point Coverstion etc that you would need
for a BUSINESS CLASS ticket to INDIA on BA
80K starwood points (purchased @ $60 for 32 subscriptions = $1920)
When you convert 80K to an airline you will get 20K bonus (for each 20K miles you get a 5K bonus). Thus overall you will receive 100K starwood points which when converted into Qantas yeilds 200K miles.
Thus with 200K miles you can fly from North America to India in BA Business class for $1920.
Which I think is a steal !!!