The National Education Policy (NEP) 2020 replaces the previous 1986 policy and aims to overhaul India's education system by increasing state expenditure on education to 6% of GDP by 2030. It emphasizes early childhood education, foundational literacy and numeracy, and curtailing dropout rates while proposing a new 5+3+3+4 curricular structure that integrates holistic and experiential learning. The policy also focuses on equitable access, teacher training, and accommodating diverse learning needs, aiming for a more inclusive and effective educational environment for all students.