The present study aimed to investigate the role of Piriformospora indica, arbuscular mycorrhiza fungi (AMF), and plant growth-promoting bacteria (PGPB) in alleviating drought stress in the HD-2967 wheat cultivar. In a completely randomized design experiment, plants were subjected to different water regimes of 75 and 35% eld capacity (FC) under greenhouse conditions. Under different water regimes, microbial inoculation signi cantly enhanced the morphological, physico-biochemical, and ultrastructural characteristics of the wheat plants. Plants inoculated with PGPB, P. indica, and AMF showed increased shoot and root length, shoot and root biomass, leaf area, photosynthetic rate, transpiration rate, stomatal conductance, and internal CO 2 as compared to uninoculated plants under all water regimes. The PGPB, P.indica, and AMF-inoculated wheat plants accumulated higher content of glycine betaine, total sugars, trehalose, proline, putrescine, spermidine, carotenoids, proteins, α-tocopherol, and a decrease in lipid peroxidation, relative membrane permeability, and lipoxygenase enzyme (LOX) activity as compared to uninoculated plants. Besides, microbes-inoculated wheat plants showed a higher level of antioxidant enzymes viz., superoxide dismutase (SOD), catalase (CAT), and ascorbate peroxidase (APX) than uninoculated plants. Microbial inoculation helped wheat plants to overcome water stress-induced de ciency of macro-(Ca 2+ , Mg 2+ , and K + ) and micronutrient (Cu, Mn 2+ , Fe, and Zn 2+ ), and reduced damage to the cell ultrastructure (plasma membrane and chloroplasts). Comparing the potential of microbial inoculants to increase growth and nutritional, biochemical, physiological, and ultrastructural changes, the PGPB-inoculated wheat plants showed greater drought resilience followed by AMF and P. indica inoculated plants. These microbial inoculants offer a signi cant potential to meet the challenges of sustainable agriculture under drought conditions. in host plants under drought conditions has been poorly studied (Rajput et al. 2022;Mahreen et al. 2023).Studies have reported that PGPB, AMF, and P. indica inoculated plants under drought conditions have higher levels of osmolytes, including proline, glycine betaine, total sugars, reduced lipid peroxidation, and membrane integrity. However, no attempt has been made to link this to ultrastructural damage prevention.The role of macronutrients (Ca 2+ , Mg 2+ , K + , Na + ) and micronutrients (Cu, Fe, Mn 2+ , and Zn 2+ ) in plants under stress conditions has been studied by some researchers (Rahmani et al. 2023). However, not much attention has been paid to the role of the PGPB consortium, AMF consortium, and P. indica colonization in increasing nutrient uptake during drought stress. Membrane permeability has not been discussed in relation to nutritional imbalance. Taking this into account, the present study was undertaken to investigate the role of inoculation of PGPB (Azotobacter chroococcum, Enterobacter asburiae, and Lactococcus lactis), AMF (Glomus intraradices, Glomus mo...