We propose indium (In) as a possible candidate for observing the permanent electric dipole moment (EDM) arising from violations of parity (P ) and time-reversal (T ) symmetries. This atom has been laser cooled and therefore the measurement of its EDM has the potential of improving on the current best EDM limit for a paramagnetic atom, which comes from thallium. We report the results of our calculations of the EDM enhancement factor due to the electron EDM and the ratio of the atomic EDM to the electron-nucleus scalar-pseudoscalar (S-PS) interaction coupling constant in In within the framework of the relativistic coupled cluster theory. It might be possible to get new limits for the electron EDM and the S-PS CP -violating coupling constant by combining the results of our calculations with the measured value of the EDM of In when it is available. These limits could have important implications for the standard model (SM) of particle physics.It is now widely recognized that atomic electric dipole moments (EDMs) arising from violations of parity (P ) and time-reversal (T ) symmetries can provide important information about new physics beyond the standard model (SM) [1,2].The dominant sources of the EDM of a paramagnetic atom are the EDM of an electron and the scalar-pseudoscalar (S-PS) interaction between the electron and the nucleus which violates P as well as T symmetries [4]. Atomic EDMs due to the electron EDM and the S-PS electron-nucleus interaction can shed light on CP violation in the leptonic and semileptonic sectors [1,5]. The origin of both of these kinds of CP violations is not well understood.The best limit on the EDM of a paramagnetic atom currently comes from thallium (Tl) [6][7][8][9]. A new generation of EDM experiments on the alkali-metal atoms like rubidium [10], caesium [10][11][12], and francium [13] and based on the techniques of laser cooling and trapping is currently underway. These experiments have, in principle, the advantages of both the beam and the cell experiments [14]. In particular, it is possible to apply large electric fields and the coherence times are long in these experiments [14]. The projected precision of the current alkali-metal EDM experiments are about two orders of magnitude better than that of the Tl experiment [10][11][12]. Indium (In), which is homologous to Tl, appears to be an attractive candidate for the search of a permanent EDM for essentially two reasons: First, this atom has been laser cooled [15] and, second, the EDM enhancement factor due to the electron EDM and the ratio of the atomic EDM to the S-PS coupling constant can be calculated more accurately than that of Tl due to its relatively smaller size. To demonstrate this second point more elaborately, we carry out herein ab initio calculations for the corresponding factors due to the EDM of electron and the S-PS electron-nucleus interaction in In and discuss the role of different correlation effects in these properties.