This research paper analyzes the potential and challenges of 'New Education Policy 2020'. The purpose of this research is to analyze the opportunities of education under the 'New Education Policy 2020' in India. It is a policy document that describes the objectives and methods of achieving the vision for the Indian education system. New Education Policy 2020 is a turning point for the development of teacher education in India. It has been prepared after years of consultation with stakeholders, research evidence housed in the Research Data Center. As per the policy, teacher education has to be restructured and reoriented to address new issues, to develop trained teachers who can efficiently impart high quality education in schools.