The paper deals with the present state of natural disaster mitigation & management in India, & the proposed strategy to be followed for reducing impact of natural Disaster, based on experience gained in recent past floods.. In last more than twenty years; India has experienced heavy floods, cyclones, landslides & earthquakes almost every year. Death, destruction & loss because of natural & manmade disasters are becoming more rather than less frequent. In the recent floods in both Uttarakhand & J & K, it has also been experienced that the country is not adequately prepared to deal with consequences of these disasters. The experience suggests that there is an urgent need for a proper more effective disaster management strategy that is focused, well co-coordinated & prepared for all obvious eventualities so that its impact is reduced. The paper deliberated on all these issues & has finally recommended various comprehensive measures to be taken. The major reasons leading to failures of large number of structures and human life and properties have been analyzed, their remedial measures discussed, & deliberated to take preventive measures for reduction of its impact in future.