India Smart Money Adopts Social Media as Tweets Move Markets

Before Narendra Modi was elected India’s prime minister five months ago, Shishir Bajpai barely used his Twitter account. Now, he can’t do without it, as Modi attempts to reboot Asia’s third-largest economy.

“Every decision gets posted on Twitter,” the Mumbai-based director at IIFL Wealth Management Ltd., which has $10 billion under management and advisory, said in an interview. “There’s a lot of transparency now.”