Towards Better Financial Performance Ashok Gulati Mark Svendsen Nandini Roy Choudhury Development of irrigation in India has entailed huge capital investment resulting in a massive canal network. But the physical condition of the schemes comprising this network has been steadily declining, partly because of the sheer neglect of the financial parameters. In this context, the article discusses the financial performance of the irrigation sector and puts forward certain suggestions for effective financial recovery, which would also help to raise efficiency levels of major and medium irrigation schemes.