The paper discussed the quality issue in undergraduate education in the light of the New Education Policy recently formulated in India. NEP 2020 has proposed multiple cherished goals and calls for reforms in the content, process, and delivery of education. However, it is easier said than done. The existing quality of education is far from satisfactory as indicated in the growing number, nearly 70%, of unemployable graduates. There seems to be a wide gap between the industry requirements and the competencies of students. The education system suffers from several inadequacies and challenges. The reform is needed in the content of education as well as teaching methods. Improving quality requires better trained teachers and innovative teaching methods. This should help students develop critical thinking skills and the ability to evaluate any piece of information. Moreover, the development of soft skills, such as communication, leadership, and problem-solving skills have so far not received any serious attention. It should be introduced and integrated into the curriculum. Teachers should change from lecture to more discovery and discussion-based teaching. The paper discussed several qualities of a good teacher. Preparing students for the 21st-century job market is yet another big challenge. The big question, however, is how to ensure the implementation of the NEP plans without infrastructural transformation, procedural modifications, and resource allocation. All these require serious changes, interventions, and resources.