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TeachMeFinance.com - explain Drought Index Drought Index In hydrologic terms, computed value which is related to some of the cumulative effects of a prolonged and abnormal moisture deficiency. (An index of hydrological drought corresponding to levels below the mean in streams, lakes, and reservoirs.) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.