Grand parade organised by China may trigger an arm race among Asian countries.
According to Times of India, Countries like India and Japan, which have territorial disputes with China, are likely to act quickly on the basis of Beijing's new weapons capability and will try and match its capability.
"India will spend a lot more on military capabilities, I am sure. It's already an important military power," said Zhang Yunling, director of international relations at government-run China Academy of Social Sciences.
Speaking about Japan, Zhang said, "Japan's PM Shinzo Abe will use the parade as an argument for spending more on military."
India is being represented by VK Singh, the minister of state for external affairs.
India was invited to send its military to participate in the victory day celebration which was declined by the government.