Abstract: The importance of quality schooling is increasing day by day with country’s progress. Schooling is the backbone of a country. Post liberalization private schools have mushroomed in the country questioning the quality of education imparted. This study focuses on the identification and assessment of factors affecting performance of secondary and higher secondary schools in India. The objective is also to calibrate the performance indicators and assess the inter-linkages among those factors. A survey using a questionnaire containing nineteen items is conducted with the help of 136 qualified and experienced secondary and higher secondary school teachers and the result shows that the factors can be grouped into five major dimensions. The impact of one dimension on the others are also tested through regression analysis.