Getting an error saying “Could not build wheels for numpy which use PEP 517 and cannot be installed directly” while installing numpy

I was facing the same error on my MacBook Air(macOS BigSur) Laptop while installing the Numpy package via integrated terminal of VS Code. And I found the solution:
So previously I was using older version of pip i.e. 19.2.3.
But when I upgraded it to the latest version using command

pip install --upgrade pip

and after that when running the command

pip install numpy 

it worked absolutely fine.

At the time running the above commands, my python version was 3.8.2.