Need help on a new system

I am putting together a new system which I want to use for general stuff as well as PC gaming. Not very hardcore stuff, but say Diablo III etc. I live in India, and prices here may be a bit higher than the US. I am looking to keep it to $600 - $700 for the CPU, GPU, Motherboard, RAM, Power supply. I will connect it to a 24" Full HD screen. Here's what I am thinking

Intel Corei5 3450
Intel Mother Board DH77EB
2GB NVIDIA GeForce GT 630
Corsair VX450 Smps

Is this system ok? Am I making a big mistake? What is the weak link in this?

Thanks for your help
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  1. Here's a build for $700, not sure how it translates over to rupees though.

    PCPartPicker part list / Price breakdown by merchant / Benchmarks

    CPU: Intel Core i5-3470 3.2GHz Quad-Core Processor ($149.99 @ Microcenter)
    Motherboard: MSI B75MA-E33 Micro ATX LGA1155 Motherboard ($59.99 @ Amazon)
    Memory: Corsair Vengeance 8GB (2 x 4GB) DDR3-1600 Memory ($46.98 @ Amazon)
    Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($69.98 @ Outlet PC)
    Video Card: XFX Radeon HD 7850 2GB Video Card ($207.98 @ SuperBiiz)
    Case: Zalman Z9 Plus ATX Mid Tower Case ($54.99 @ Newegg)
    Power Supply: XFX ProSeries 450W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($42.99 @ NCIX US)
    Optical Drive: Lite-On iHAS124-04 DVD/CD Writer ($15.98 @ Outlet PC)
    Total: $648.88
    (Prices include shipping, taxes, and discounts when available.)
    (Generated by PCPartPicker 2013-01-25 07:36 EST-0500)
  2. Please give your budget in Indian Rupees.
    Also consider adding a SSD to the build if possible.

    Since you live in India, please check prices on
    If you live near Mumbai buy from Lamington road.
  3. Thanks. I am using flipkart and some local vendors. Availability and prices in India are different from the US sites, hence budget etc. is difficult to reconcile with most builds / components available in the US.

    I want to get the GTX 650Ti, but I have no money for that right now. I want a basic GPU right now, which can help me play Diablo III with decent settings, and upgrade the GPU later.

    What's the advantage of putting in a SSD?

    Also, please advise if a 450W SMPS is enough?
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