High temperature stress is one of the abiotic stresses that hinders plant growth, metabolism and productivity. In plants, numerous physiological and biochemical reactions are temperature dependent. Photosynthesis is the key physiological process, which is directly associated with crop yield and this process is highly sensitive to high temperature stress. High temperature stress induces oxidative damage in cellular organelles through the generation of reactive oxygen species (ROS) that causes lipid peroxidation, protein denaturation and disruption of cell structure. Chloroplast is the primary site of ROS production during the light reaction of photosynthesis, that disrupts thylakoid membrane and reduces the efficiency of photosystem II (PS II), electron transport and ATP synthesis. Enzymes are mostly temperature sensitive and RuBisCO, the key enzyme involved in CO2 fixation process is inactivated due to the destruction of ultrastructure of chloroplast. High temperature stress also reduces the transpiration by inducing partial closure of stomata and thus reduces the uptake of water and nutrients by plants. Respiration rate increases in response to increase in temperature and enhances the utilization of stored carbohydrates leading to an imbalance in energy production and demand. In addition, high temperature stress leads to reduced pollen tube growth and viability, stigma receptivity and fertilization which results in poor seed set. Hence, understanding the physiological and biochemical changes occurs in plants under high temperatures stress conditions is essential for developing heat-tolerant crop varieties and ensuring agricultural sustainability under warm climates. This review is mainly focused on the effects of high temperature stress on photosynthesis, respiration, ROS, plant water relations, nutrient uptake and yield of crops.