This paper investigates the influence of climate change on drought events, with a particular emphasis on the global implications, severity, and frequency of droughts that are intensified by evolving climatic conditions. The interplay of high temperatures and low precipitation has resulted in intensified droughts, particularly flash droughts, as climate change accelerates atmospheric water demand. The study examines a variety of droughts, including meteorological, agricultural, hydrological, and socioeconomic, and emphasizes their cascading effects on human health, water resources, ecosystems, and agriculture. Additionally, the investigation explores the mitigation strategies necessary to mitigate drought risks and provides policymakers with suggestions for the development of sustainable water management practices and the improvement of resilience in vulnerable regions. This article emphasizes the pressing necessity of a proactive strategy for drought preparedness in light of the ongoing evolution of climate variability.