The ministry of education, India has presented a new national education policy (NEP), 2020 after the last education policy in 1986. For a country like India with around 1.3 billion people, it is certainly an important revolutionary. It would not be an overstatement to say that the correct education policies can change the future of the entire country. At the policy draft level, it looks strong, however, the implementation systems will actually define the strength of the context. An attempt is made here to explore the possibilities of NEP as boon or bane by taking into consideration the national curricular and pedagogical framework, reforms to be implemented, emphasis on mother tongue/regional language for English-medium schools, plans of the government to open up higher education to foreign companies along with privatization, liberalization and globalization in general. Moreover, an attempt is made to suggest that government must facilitate the process of society’s capacity to meet its own educational needs rather than strangle its ability to improvise, invent, and innovate.