The Reserve Bank of India has said the macroeconomic risks to the Indian economy have increased over the last six months due to the fall in growth, external sector developments and subdued performance of the corporate sector. In its biannual Financial Stability Report (FSR) released in Mumbai this evening, the RBI said financing the high current accountdeficit (CAD), which hit an all-time high of 4.8 per cent ofGDP in FY13, is a "stress point" for the economy as evident from the recent rupee depreciation on global cues. India's growth dipped to a near-decadal low of 5 per cent in FY-13 due to project delays and also from external factors like a slowdown in the global economy. Going ahead the improvement in the quality of fiscal consolidation will be crucial for ensuring sustainable high growth and macroeconomic stability, the FSR report said.The report , however, also noted some positive factors like risks from global growth, domestic inflation and fiscal stance having receded. The report said there are indications of growth slowdown having hit a trough, while inflation is also moderating. The measures to curb gold demand – which can help narrow the CAD – are also bearing fruit, the report said.The apex bank said slowdown in growth was a result of domestic supply bottlenecks, policy uncertainty, dampened investment sentiment and slackening external demand. Among all these negative factors, the fall in inflation gave "some relief".