The National Education Policy (NEP) 2020 is a comprehensive reform initiative launched by the Government of India to revamp the educational landscape of the country. At its core, NEP 2020 aims to establish an inclusive, flexible, multidisciplinary, and learner-centric system that aligns with the needs of the 21st-century knowledge economy. This article provides a detailed examination of the policy's implications for higher education in India. By analyzing institutional restructuring, curriculum reforms, emphasis on research, technology integration, faculty empowerment, and inclusion strategies, the paper offers a critical lens on how NEP 2020 is reshaping India's higher education. The study is supported with extensive cited work and a comparative bar chart, and highlights both potential outcomes and ongoing challenges, making it a significant contribution to contemporary education discourse.