Past versions of vulnerability index have shown ability to detect susceptible region by assessing socio-economic parameters at local scales. However, due to variability of these vulnerability index respect to socio-economic parameters, cann’t be utilized to predict the susceptibility region. The present endeavor aims to develops a new vulnerable index which identify and predict the spatio-temporal imprint of extreme drought and wet events at various scales 1o×1o in India by analyzing monthly observed and Coupled Model Inter-Comparison Phase 5 (CMIP5) rainfall data at spatial scale of time period pertaining to 1901-2100. New vulnerability index is proposed by consolidating the outcomes of Standard Precipitation Index (SPI) at different time scales such as 3- and 12-month and along with weights of individual grids. The weights of individual grid is calculated through the occurrence of extreme drought and wet events in the recent past which is to include a climate change factor in the proposed index. Based on the spatial distribution of high index values, the expected vulnerable regions concerning extreme drought events will be in Northeast, Northeast Central, East Coast, West, Northwest, Northcentral, and some grids in South part of India. Similarly, vulnerable regions concerning extreme wet events are likely to be in the Northeast, West Coast, East Coast, and some grids in the Peninsular region.Further, a conceptual model is presented to quantify the severity of extreme events. The analyses reveal that on the CMIP5 model data, it is obtained that 2024, 2026-27, 2035, 2036-37, 2043-44, 2059-60, 2094 are likely to be the most prominent drought years in all-India monsoon rainfall and their impact will persist for a longer time. Similarly, the most prominent wet events are predicted to be 2076, 2079-80, 2085, 2090, 2092, and 2099.