In 1968 V.E. Zakharov derived the Nonlinear Schrödinger equation for the twodimensional water wave problem in the absence of surface tension, that is, for the evolution of gravity driven surface water waves, in order to describe slow temporal and spatial modulations of a spatially and temporarily oscillating wave packet. In this paper we give a rigorous proof that the wave packets in the two-dimensional water wave problem in a canal of finite depth can be approximated over a physically relevant timespan by solutions of the Nonlinear Schrödinger equation.