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Irrigational investment has remained a debatable issue despite irrigation's massive impact upon civilization since ancient days. After the Industrial revolution, if we observe the structural change of the world towards industrialization (Kuznets, 1966,1971), mainly because of the terms of trade tilt towards the finished goods, out of given land area, debate emerged whether to use land optimally for industrialization or towards irrigation to promote agricultural development. Obvious debate raised regarding land use and that created the debate: whether to retain self-sufficiency in food - the leftist agenda or to attain specialization in finished good and import food from the peripheral countries at the least cost to attain highest benefit from gain in terms of trade - the rightist agenda in a developed country's parliament (Mydral, 1956; Singer, 1998; Prebisch-Singer). Definitely historical development process has assimilated the two extreme goals. Draught days felt needs for irrigation and loss in competition felt need for specialization in finished goods. So, a Democratic Capitalist Welfare Economy kept both the routs open towards food self sufficiency as well as specialization in manufacturing finished goods. Examples are the historical development process of 13 Developed Countries like USA, UK, Germany and 4 Developing Countries like Argentina, Egypt etc. (Kuznets, 1971). Here we are in a discourse corresponding to the Indian Economy that agricultural growth without structural change/transformation leads us to 'Hindu rate of Growth' whereas structural transformation leads us to high rate of growth about which, agricultural growth is just a bi-product. From this angle we are going to focus upon the importance of irrigation and structural change on agricultural development of India.