Param Vir Chakra Flying Office Nirmal Jit Singh Sekhon

The Gazette of India, January 29, 1972 carries this citation (as displayed in archive.org)

India: Nikkei PMI and Manufacturing Growth

The Nikkei Manufacturing PMI (Purchasing Managers' Index) is an estimate of manufacturing activity based on a survey of company managers.  A score of above 50 indicates expansionary activity and below 50 indicates contraction.

The estimate of India's manufacturing growth comes from the Central Government's statistical organization.

Back in July 2018 I had noted what seemed to be a small divergence between the two measures.  Now in March 2019, it seems rather clear that there is a divergence.

One kilometer circle around supposed Balakot target

The target is allegedly at latitude, longitude of  34.464118°,  73.318160°.

The March 5 satellite picture seeming to show SPICE holes in the roofs
(from
https://theprint.in/defence/first-satellite-images-show-likely-damage-to-jaish-balakot-camp-but-no-massive-destruction/201639/ )

PAF Squadron 19