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As education is the primary source of economic and social advancement, it is generally understood that each nation must have a futuristic and visionary education strategy. Different nations have implemented various education systems at the school and college levels to make them successful while taking into consideration their traditions and cultures. The NEP 2020, which was approved by the Indian Union Cabinet on July 29, 2020, outlines the goals for India's new educational system. The new policy has taken the place of the previous, National Policy on Education, 1986. The strategy gives a systematic framework for education ranging from elementary to higher education in urban and remote regions of India. It also includes career training. By 2022, the policy expects to change the Indian educational system. The New Education Policy 2020 aims to make high-quality education accessible to everyone to transform our nation into a vibrant and equitable knowledge society. It will cause a paradigm shift in India's educational system and change it into one that is equitable, modern, as well as progressive. This chapter focuses on the policy's main suggestions, its notable characteristics, including schooling and higher education, predicted results, its merits, and any issues that need to be resolved.