National Education Policy 2020, announced by the Government of India on July 29, 2020, revolves around the flexible, practical, multidisciplinary, multilinguistic education for all, at all levels, by implementing many reforms, interventions and a nationwide institutional set up. This study aims to review different aspects of the policy in comprehensive manner and analyse its impact. It’s designed as descriptive study of the policy based on qualitative analysis of the secondary data. The study finds that NEP is a long tenure policy that has the potential to impact every individual and household’s life. If implemented rightly, it will change the status of India in global competitiveness and capability building. The study will be particularly helpful to the students, researchers, academicians and professionals seeking an analytical comprehensive summary of the National Education Policy 2020.