Precision farming refers to the latest trends in agriculture that use technology to improve quality, quantity, and productivity, thereby ensuring profitability, sustainability, betterment, and preservation of the environment. The paper discusses the development and needs for precision agriculture in India with its existing problems and opportunities. The challenges in the future cannot be resolved with ancient methods. In order to make agriculture efficient and sustainable, investment in new technologies accompanied by research and development is required. Agronomics is the highest contributor to national income. More than 70% of the total workforce is dependent on it. The agriculture industry needs top priority because the government and the nation both would fail to succeed in this sector. The paper identifies various challenges associated with the adoption of precision farming in India and the technologies that could be used for better results and the betterment of both farmers and the Agri industry of India.