The workforce of today, in the age group of 20-35, whom we call Millennials share a unique composition of characteristics VIZ; attitudes, behavior, values, beliefs and way of life. They are different from the characteristics of earlier generations. Under this context it is important to understand their (millennials) mindset, needs and expectations so that we can align and adapt our education policy and practices to meet their requirements (physical, mental, emotional and cultural). Attempt has been made in this paper to discuss the implications of this paradigm shift on education which has to reorient with a strong emphasis on skilling - reskilling - upskilling with an entrepreneurial mindset than just bombarding the learners with information, which we call as New Age Education.