Traditional drought monitoring is based on observed data from both meteorological and hydrological stations. Due to the scarcity of station observation data, it is difficult to obtain accurate drought distribution characteristics, and also tedious to replicate the large-scale information of drought. Thus, Gravity Recovery and Climate Experiment (GRACE) data are utilized in monitoring and characterizing regional droughts where ground station data is limited. In this study, we analyzed and assessed the drought characteristics utilizing the GRACE Groundwater Drought Index (GGDI) over four major river basins in India during the period of 2003–2016. The spatial distribution, temporal evolution of drought, and trend characteristics were analyzed using GGDI. Then, the relationship between GGDI and climate factors were evaluated by the method of wavelet coherence. The results indicate the following points: GRACE’s quantitative results were consistent and robust for drought assessment; out of the four basins, severe drought was noticed in the Cauvery river basin between 2012 and 2015, with severity of −27 and duration of 42 months; other than Godavari river basin, the remaining three basins displayed significant negative trends at monthly and seasonal scales; the wavelet coherence method revealed that climate factors had a substantial effect on GGDI, and the impact of Southern Oscillation Index (SOI) on drought was significantly high, followed by Sea Surface Temperature (SST) Index (namely, NINO3.4) and Multivariate El Niño–Southern Oscillation Index (MEI) in all the basins. This study provides reliable and robust quantitative result of GRACE water storage variations that shares new insights for further drought investigation.

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India is one of the most drought‐ravaged countries in the world and faces at least one drought in one region or another in every 3 years. There is no single reliable approach in characterizing future droughts. To understand future drought risk, potential changes of drought properties and characteristics are analysed in this study. Using Fuzzy c‐means clustering approach, homogeneous drought regions are identified in the Godavari river basin and therefore, optimum number of clusters were assigned as four. The 12‐month standardized precipitation index (SPI) using precipitation data from India Meteorological Department (IMD) and Global Climate Model (GCM)—MIROC‐ESM‐CHEM is calculated for the homogeneous regions of the Godavari basin. The best fit copula for observed and simulated severity and duration are: Region 1—Clayton, Regions 2 and 3—Gumbel, Region 4—Frank copula. Severity‐duration‐frequency (SDF) and severity‐area‐frequency (SAF) curves were developed and analysed using the best fit copulas. The research findings conclude that moderate and severe droughts are frequently increasing for future periods (2006–2099) compared to the historic period (1962–2005). Droughts with high severity and high mean interarrival time are observed as expected in the future. For the Godavari basin, the SDF curves were concave upwards indicating an increase in severity with an increase in duration. The rate of increase of severity is small for shorter durations compared to that of longer‐duration drought. Thus, more prolonged drought events in the 21st century are likely to occur. The SAF curves with steeper slopes and high variability in topographical and hydrological characteristics have been observed over the Godavari basin. From these curves, for a specified percentage of area and return period, the drought severity can be calculated and the information can be used for crop management and agricultural water demands. Overall, the findings of this research offer a view of likely scenarios of drought in the Godavari basin.

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