Daniel Berehulak/Getty Images

Replica missiles from the Akash Weapon System are displayed during the Republic Day Parade in New Delhi, India.

India successfully launched a missile that can travel more than 3000 miles with a nuclear weapon, and is capable of reaching Beijing and Shanghai. The successful missile launch comes a week after North Korea's had their own missile test fail.

India now adds a missile that can reach far into China, and China has already developed missiles that can hit targets deep into India. Is there a new cold war developing between these two countries? What does this mean for the balance of power in Asia, and who else is stepping up to join the long range missile club?

Guest:

Shashank Joshi studies security and military affairs at Harvard and the Royal United Services Institute in London.