The National Education Policy (NEP) 2020 aims to transform education, keeping the learner at the centre. The NEP builds on recommendations from the Education Commission (1964–66) and Justice J. S. Verma Commission (2012) as well as the previous version of the policy – National Policy on Education 1986, modified in 1992 (NPE 1986/92), Right of Children to Free and Compulsory Education Act, 2009 and Rights of Persons with Disabilities (RPWD) Act, 2016. The NEP 2020 is a huge stride in the right direction-it focusses on the holistic development of students by ensuring access, relevance, equity, quality and strong foundational learning. The new policy has numerous takeaways for education sector stakeholders. This paper, which is KPMG in India’s point of view, analyses the impact of the NEP and puts forth various opportunity areas emerging from the new policy. Significantly, the policy lays emphasis on four key areas of reforms viz. curricular changes to build strong foundational skills, improving quality of learning across all levels of education, shift in the ways of assessment and, finally, need for systemic transformation.