Nanotechnology involves manipulating matter at the atomic and molecular scale. It has led to new tools like carbon nanotubes, nanorods, and potential nanobots. Applications include drug delivery, stronger fabrics, electronics, and more. India is pursuing nanotechnology research but faces challenges in funding and developing expertise compared to global leaders. Potential risks include nanoparticles interacting harmfully with the body and hypothetical self-replicating nanobots causing uncontrolled environmental destruction.