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We would love to take Indian money and develop it ourselves, but that is not how a fighter consortium works. Indian money stays in India developing the sections India will produce for the consortium. Those sections are Indian intellectual property and production rights are yours. All three nations will purchase all parts from all nations and a final assembly and testing centre will be selected as part of the workshare. Whatever India can make cheaper/better than Germany or France is what India should make to reduce the total cost for all members when purchasing the finished aircraft. Unfortunately it is not the answer that will rain advanced tech on India's head. It will provide the best and most advanced fighter aircraft on the planet, 33.3% produced and developed by India.I accept the duel, Frenchman! Now all you have to do is take a flight to Chennai.
In all seriousness, you're right. France seems like the only option now to jointly develop a true stealth air superiority fighter. But if that happens you guys have to live up to your end of the bargain of sharing the core technology, and enabling India to make these jets from scratch at home, and to be able to repair, maintain and modify them without any assistance. India would be quite beneficial to the program because by 2025 our defence budget will be over 100 billion dollars and will reach 180-200 billion by 2030, so there will be an economy of scale when making these fighters.
I do not understand why Indians think they can walk into Dassault, Sukhoi or Lockheed with a bag of money and say 'give me the tech and all productions rights'. You want them to sell their core technologies that make them a company that are also part of national security to their respective countries. Also don't forget that these companies rely on a chain of suppliers they have no control over. They are not going to gut themselves for a bag of cash, not even the Russians despite what people seem to think they get from them but actually don't.