The formation of precipitation in state-of-the-art weather and climate models is an important process. The understanding of its relationship with other variables can lead to endless benefits, particularly for the worlds monsoon regions dependent on rainfall as a support for livelihood. Various factors play a crucial role in the formation of rainfall, and those physical processes are leading to significant biases in the operational weather forecasts. We use the UNET architecture of a deep convolutional neural network with residual learning as a proof of concept to learn global data-driven models of precipitation. The models are trained on reanalysis datasets projected on the cubed-sphere projection to minimize errors due to spherical distortion. The results are compared with the operational dynamical model used by the India Meteorological Department. The theoretical deep learning-based model shows doubling of the grid point, as well as area averaged skill measured in Pearson correlation coefficients relative to operational system. This study is a proof-of-concept showing that residual learning-based UNET can unravel physical relationships to target precipitation, and those physical constraints can be used in the dynamical operational models towards improved precipitation forecasts. Our results pave the way for the development of online, hybrid models in the future.