In-situ precipitation data is the most reliable data for the drought assessment. However, gridded datasets are commonly used due to limited availability of station data. However, the gridded data may exhibit bias compared to station data. The present study has been undertaken to examine the performance of gridded datasets from global precipitation products (gauge-interpolated, merged from various sources, re-analysis and satellite products) for the assessment of meteorological drought with reference to station datasets of the India Meteorological Department (IMD) from 2000 to 2019 at six drought zones over India. Various statistical metrics were used to check the performance of the precipitation products at four seasons of India. The Standardised Precipitation Index (SPI) was used at a 1-month timescale to evaluate the meteorological drought characteristics. The gridded precipitation products, in regions of high rainfall, tended to underestimate precipitation during the monsoon season and overestimate it during the non-monsoon season. When precipitation was analysed spatially using statistical parameters, the product Integrated Multi-Satellite Retrievals (IMERG Final-Run) outperformed all the other precipitation products in the four seasons and six drought zones over India. For drought characteristics evaluation, the products Climate Prediction Center (CPC) Morphing Technique (CMORPH) and Global Precipitation Climatology Centre (GPCC) outperformed all the other products in the six drought zones over India. Further, in order to rank the precipitation products, the Spearman rank correlation coefficient (SCC) and critical success index (CSI) were used. The analysis results showed that IMERG Final-Run, GPCC and Multi-Source Weighted-Ensemble Precipitation (MSWEP-PastNoGauge) ranked best out of all the precipitation products when analysed for drought monitoring and assessment at six drought zones over India. Overall, IMERG Final-Run outperformed all the other precipitation products for drought monitoring, while TerraClimate performed poorly in most of the drought zones and in India as a whole. The study's findings will help choose suitable gridded precipitation dataset for meteorological drought assessment across six homogeneous drought zones and in India as a whole, aiding operational drought risk management and early warnings.