Education is considered to be the fourth basic need after food, shelter and clothing. It is a key tool for social transformation. The Government of India executed the ‘Right to Education Act’ by providing free and compulsory education to children between 6 to 14 years of age. The sudden entry of COVID-19 global pandemic disrupted the Indian education system creating uncertainties, barriers in teaching –learning process. Change is inevitable in any sector or marketplace. COVID-19 brought massive changes in education sector in India. One side, it created volatilities, uncertainties, complexities and ambiguities in education sector in India. COVID-19 outbreak compelled more than 32 Crores children not to go to their respective schools, cancellation or review of board and other exams questioning the quality of education. On the other side, it also gave birth to innovative models. ‘The Learning From Home’ became the ‘New Normal’ in this context. The present study reviews the emerging trends, challenges and opportunities created for school education and analyzes its impact on various stakeholders in India in 2021. The lockdown series, technology, government initiatives, student-teacher perceptions and other factors are taken into account. The study is relevant and significant from sustainable education point of view. It is beneficial for the schools, students, teachers, parents, government authorities and policy makers in future to cope up with the changes.