National Education Policy-2020 visualized to provide a quality education which is beneficial to  meet  the growing economy in India. The new policy is aiming to achieve majorly three aspects such as highest quality, equity, and integrity in the education system from schooling to higher education. Commerce and management education playan important role in the country’s economy as it affects all the sectors like manufacturing, service industry, research and development, banking etc.  In all the fields finance is the nerve system and knowledge to manage finance is dealt with commerce and management. The current education policy existing in India is concentrating majorly on theoretical aspects which lacks the practical training among the students i.e.,the major drawback for meeting the global job opportunities. Therefore, the National Education Policy-2020 is aiming to develop creative potential, skill and analytical thinking which are the need in the global job market. Hence all the curriculum of commerce and management should be redesigned based on the outcome based education, where the stakeholders can know in prior what they are going to learn and how it  is  beneficial  to  develop  themselves  to  meet  the  future changes in economy.

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Keywords: NEP, National Education Policy-2020, Education Sector, Commerce, Management.