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Education plays the most significant role in nation building. India has its unique education system based on its diversified socio-cultural conditions. Education provides the strongest pillar to any nation's progress. To excel in each domain like social, economic, technological dimensions India needed a major change in its education system as per the need of 21st century which could ensure holistic development of its citizen and promote national development. For that a well-planned set of ideas and strategies in form of a policy was much needed. A well-defined, structured, time-appropriate, and futuristic education policy can cater to development in school education, higher education, and vocational education which will lead to national development by boosting economic and social progress. Indian Government implemented a new education policy for the next decade of the 21st century named the National Education Policy (NEP-2020). NEP-2020 started with the innovative and futuristic vision to provide quality inclusive and equitable education from pre-school to higher education with an expectation of holistic development, and a multidisciplinary, technology and research-oriented approach.This paper initially depicts an overview of NEP 2020, the paradigm shift of the Indian school system, identifying how it is affecting current school system in India. Finally, some recommendations are made to implement the NEP 2020 effectively irrespective of various constraints.