We propose to examine an unexpected convergence between the higher education systems of two heterogeneous countries, namely France and India. After a brief comparative survey, we address the issue of the commodification of higher education in order to determine whether the latter evolution has been acknowledged, encouraged or opposed by governments. The modern setting in which higher education institutions operate is partly determined by GATS rules that govern international trade in higher education services, notably through the enhancement of new modes of delivery such as e-learning and distance education. We then extend our reflection to bridge the gap between France and India. Finally, the convergence of academic, economic and institutional factors helps us put forward the new idea of an Indo-French knowledge-based triangle.