The COVID-19 pandemic caused by the Severe Acute Respiratory Syndrome Coronavirus-2 has negatively impacted the universal healthcare and economic systems worldwide. The COVID-19 pandemic has also created an emotional and psychological pandemic among community of all ages irrespective of economic status and physical wellbeing. As a effect of prolonged lockdowns, one of the most severely affected age groups internationally is the young adults' group, especially students. Uncertainties in the academic calendar, restricted outdoor activities, and unusual daily routines during lockdowns led to higher incidences of stress, anxiety, and depression among students worldwide. In this review research paper, we summaries the vital role of yoga during this period and available evidence on the effect of lockdowns on students and discuss possible positive impacts of yoga and meditation on various psychological, emotional, and immunological parameters, which can significantly influence the general wellbeing and academic performance of students. Perspectives shared in the review will also bring awareness on how yoga and meditation could boost students' performance and assist them in maintaining physical and mental wellbeing during stressful conditions such as future epidemics and pandemics with novel infections. This information could help create better educational curriculums and healthy routines for students.