In recent years, remote sensing drought monitoring indices have been gradually developed and have been widely used for global or regional drought monitoring due to their strong drought-monitoring capabilities and easy implementation advantages. However, some defects of remote sensing drought indices stand to be improved due to certain errors in the inversion of surface characteristics by remote sensing datasets. The temperature-vegetation-precipitation drought index (TVPDI) was taken as the research object, and the leaf area index (LAI), the difference between the land surface temperature (LST) and monthly average temperature, and Global Precipitation Measurement (GPM) precipitation data were selected instead of the normalized difference vegetation index (NDVI), LST and tropical rainfall measuring mission (TRMM) data to improve TVPDI. The improved remote sensing drought index was named the improved temperature-vegetation-precipitation drought index (iTVPDI). The drought-monitoring accuracy of iTVPDI was verified by the gross primary productivity (GPP), soil moisture, and crop yield per unit. The drought-monitoring ability of iTVPDI was verified with traditional drought indices, including the standardized precipitation index (SPI), standardized precipitation evapotranspiration index (SPEI), Palmer drought severity index (PDSI), temperature-vegetation drought index (TVDI), drought severity index (DSI) and crop water stress index (CWSI). The drought-monitoring accuracy of iTVPDI was verified by selecting sample areas. iTVPDI was applied to monitor drought in mainland China over the 2001–2020 period and obtained four main results. First, the correlation analyses of iTVPDI and TVPDI with GPP, crop yield per unit area, and soil moisture showed that iTVPDI had a stronger monitoring ability in Northeast, North, and Southwest China; the R2 value obtained with soil moisture was 0.62 (p < 0.05), and this value was higher than that of TVPDI. Then, the correlation analyses of iTVPDI and TVPDI with SPI, SPEI, PDSI, CWSI, DSI and TVDI showed that the correlation coefficients of iTVPDI and TVPDI with these six indicators were basically consistent, which indicated that the drought-monitoring capability of iTVPDI was consistent with that of TVPDI. In local areas such as the Qinghai-Tibet Plateau in China, the monitoring ability of iTVPDI was stronger than that of TVPDI. Third, through the sample area analysis, iTVPDI was found to moderate the NDVI-characterized vegetation factors in TVPDI in low-vegetation-cover areas affected by soil disturbances and in high-vegetation-cover areas affected by oversaturation. Finally, the results obtained from the application of iTVPDI in mainland China showed that during the warm-dry to warm-wet climate transition between 2001 and 2021, in 2010 and 2018, and in other special drought years, iTVPDI had the best response.
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