Union Minister of Finance Arun Jaitley has said that India can grow between 7-8% despite global adversities. Mr. Jaitley was speaking at the Commemorative Function of the National Security Depositary Ltd in Mumbai today.The function marked historic milestone of crossing Rs 100 lakh crores value of assets held of NSDL, the largest security depository in India that holds 89% of financial assets in demat mode. Speaking on the occasion, the Finance Minister said that India needs a bigger private sector to for investors to put their money and continue economy's current growth pace.Talking about the global economic scenario, Mr. Jaitley said currently, many trading nations and many areas of business and trade passing through difficult moments due to commodity fall. He however stated what is gloom for others is boom for India and despite global economic challenges; Indian economy is growing at a satisfactory pace.Stressing upon the need to transform individual cautious spending nature, Jaitley said that Indians have always been very cautious traders and careful spenders. He informed that Indian have maintained around 30% saving rate which is quite high on global scale.Jaitley also said that the Secularization and Reconstruction of Financial Assets and Enforcement of Security Interest Act is a good beginning to curb Non Performing Assests -NPAs in the economy.