The National Education Policy (NEP) 2020 marks a historic reform in India’s education system after more than three decades, aiming to align learning with the demands of the 21st century. By restructuring school education into the 5+3+3+4 framework, emphasising early childhood care, competency-based assessments, and multilingual learning, the policy seeks to move away from rote memorisation towards holistic development. At the higher education level, NEP 2020 introduces multidisciplinary institutions, multiple entry and exit options, and an Academic Bank of Credits, targeting a Gross Enrolment Ratio of 50% by 2035. With its focus on teacher training, vocational education, digital learning, research promotion, and inclusive access for disadvantaged groups, the policy envisions a knowledge-driven, skill-oriented, and globally competitive education ecosystem. While challenges such as funding, digital divide, and implementation capacity remain, NEP 2020 offers a strategic transformation that has the potential to redefine India’s position in the global knowledge economy and ensure inclusive and equitable quality education for all.