ABSTRACTThe inherent model uncertainty in precipitation projections is found to be more dominant over tropical regions thereby reducing the reliability of using them in climate change impact assessment studies. To address such issues, a subset of well performing global climate models (GCMs) can provide narrow range of possible future outcomes, which can be helpful in formulating mitigation and adaptation strategies that are more targeted and efficient. In this study, climate models are selected based on their performance in simulating relative humidity and vertical velocity since these variables play an important role in precipitation simulation and significantly contribute toward the intermodel spread. The models are evaluated by using various statistical performance measures and ranked using multi‐criteria decision‐making approaches. Finally, based on Jenks natural breaks optimization algorithm, subset of GCMs consisting of ACCESS1.0, ACCESS1.3 and INM‐CM4 models, are considered as the best possible subset for precipitation simulation over tropical land regions. Two observational precipitation datasets are further considered to investigate the effectiveness of the proposed framework. The proposed methodology is validated to be effective in identifying the best climate models since the resulting subset is capable of both capturing observed precipitation and minimizing the uncertainty in future projections. Hence, this methodology can be utilized further for performance evaluation of GCMs focusing different geography and climatic drivers.