Powered exoskeletons can help in the rehabilitation of the elderly and those who have suffered accidental loss of motion due to problems in the Central Nervous system. Additionally exoskeletons act as a protection to the wearer. The current information age has seen tremendous development in the fields of robotics and prosthetics. Humanoid robots like ASIMO are being developed and these robots can perform tasks similar to those performed by a human being. Advancements in prosthetics have helped people who have lost limbs to regain complete functionality by replacing those limbs with prosthetic limbs controlled by signals from the brain. This article describes about the design and development of a spring counterbalanced exoskeleton which allows the wearer to carry more load with minimal effort.