Evaluating drought parameters at the basin level is one of the fundamental processes for planning sustainable crop production. This study aimed to evaluate both short-term and long-term meteorological drought parameters within the Vaippar Basin, located in southern India, by employing the standardized precipitation index (SPI). Gridded rainfall values developed from 13 rain gauge stations were employed to calculate the SPI values. Drought parameters, encompassing occurrence, intensity, duration, frequency, and trends, were assessed for both short-term and long-term droughts. The study findings indicated that the occurrence of short-term drought was 51.7%, while that of long-term drought was 49.82%. Notably, the basin experienced extreme short-term droughts in 1980, 1998 and 2016 and long-term droughts in 1981, 2013, and 2017. Utilizing an innovative trend identification method for SPI values, a significant monotonic upwards trend was identified in October and December for short-term drought and in December for long-term drought. This study defined the minimum threshold rainfall, which represents the critical amount required to prevent short-term drought (set at 390 mm) and long-term drought (set at 635 mm). The drought severity recurrence curves developed in this study indicate that when the SPI values fall below − 1.0, short-term drought affects 25% of the basin area, while long-term drought impacts 50% of the basin area at a 20-year recurrence interval. Additionally, the drought hazard index (DHI), which combines drought intensity and severity, demonstrated higher values in the northwestern regions for short-term drought and in the southern areas for long-term drought. The study's findings, highlighting areas of drought vulnerability, severity, and recurrence patterns in the basin, direct the attention for timely intervention when drought initiates.