National Education Policy of India ( NEP), 2020 has set the goal, direction and foundation of the future of education in India. It has been long awaited to catch up and meet the rapid technological, cultural, and societal changes across the globe. The various revolutionary landmark changes in this policy have been adopted on the basis of best practices in the various countries and commissioned report and recommendations. As per the researcher's opinion, this is a holistic approach towards education, starting from a foundation level up to Ph.D. It will ensure that quality education is indeed ‘for all’ equally and create not only job-seekers but also job creators at the same time. This skillful education will put India at par with the developed countries in the near future. However, it is only a policy document and not a law yet. As education is a part of the concurrent list, both the centre as well as the state can make the law. Therefore, now it is the responsibility of the various governments in our country to give this law a shape and implement it in a true sense. There is no doubt that, through this Education Policy, Higher Education in India will be globalised and internationalized, but at the same time, it will pose many challenges too. The basic objectives of this paper is to critically analyse the core opportunities and challenges under this new Education Policy, 2020 and examine how can it be implemented. Analytical Research methods will be adopted for writing this research and research resources will be collected from parliamentary debate, news paper articles, Education Policy, 2020, the education policies of other countries and the reports of the various committees and law commissions. Research will be limited to a few landmark opportunities and challenges only, that is related to students and not the teachers.