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Pseudophyllinae, Cymatomerini, Olcinia or Sathrophyllia sp.
Hi AshishNimkar, I am suggesting this one is a katydid because it has those muscular hind legs for jumping just like katydids and other grasshoppers.
Ashish Nimkar: somebody ID it as katydid nymph on flickr. link as below
http://www.flickr.com/photos/mario_marti...
http://www.flickr.com/photos/botalex/416...
http://www.flickr.com/photos/itchydogima...
Roslan and Chun this is not kind of Katydid or Cricket...
Check mentioned last link...
My guess is flat stick insect at nymph stage...
http://en.wikipedia.org/wiki/File:Dares_...