Education is playing an important role in developing and creating an equitable and knowledge society. Education brings overall transformation in any country. India is expected to have the premier youth population in the world over the next few years. National Education Policy - 2020 which was drafted by the panel of experts under the able guidance of the former Indian Space Research Organization Chief, Shri K. Kasturirangan to transform India into a “vibrant knowledge society” and “global knowledge superpower” by making both school and college education more “holistic, flexible and multidisciplinary", suited to 21st century needs . This paper tries to highlight the key recommendations of NEP- 2020 in Higher Education. The study focused on few issues of the policy, some innovations and predicted implications of the policy on the Indian Higher Education System.