Open Educational Resources (OER) and Open Educational Practices (OEP) have emerged as transformative forces in the field of education, aiming to enhance accessibility, collaboration, and innovation. This research paper delves into the multifaceted realm of open education, focusing on the benefits and challenges associated with the utilization of OER and the adoption of OEP. Through an analysis of existing literature, the study highlights the potential advantages of open education, such as increased access to quality educational materials, enhanced pedagogical practices, and the facilitation of global knowledge sharing. Simultaneously, the challenges of open education, including issues related to quality assurance, sustainability, and educator readiness, are examined. The paper proposes strategies to maximize the benefits of open education while addressing these challenges. These strategies encompass establishing quality control mechanisms for OER, developing sustainable funding models, providing professional development for educators, and advocating for open education principles. Drawing on a comprehensive review of Indian-authored research, this paper not only contributes to the broader discourse on open education but also offers insights specific to the Indian context. As education continues to evolve in the digital age, embracing open education becomes essential for fostering inclusivity, innovation, and equitable access to knowledge.