This article presents an efficient method for control of a solar water pumping system consisting of an induction motor drive (IMD) with a model reference adaptive system (MRAS) based adaptive mechanism of speed estimation. An improved perturb and observe control technique is implemented to achieve maximum power point tracking. The gating signals are produced by utilizing a space vector pulsewidth modulation scheme for a three-phase inverter. An improved third order integrator (ITOI) is proposed for adaptation of flux for improvement in the performance of the drive. The MRAS is used for estimation of slip speed and synchronous speed two estimated speed signals are used to generate the motor speed. The proposed control methodology with the MRAS-based reactive power technique for the estimation of speed has improved the system stability for a wide range of drive speed. This system with a single-stage photovoltaic (PV) topology and switching logic obtained from space vector modulation operating three-phase voltage source inverter fed IMD with a pump as a load is designed and implemented in MATLAB/Simulink. The suitability of the developed system is validated through experimentation in the laboratory.