In 2003, at the request of Mumbai First (then Bombay First) and with the concurrence of the Government of Maharashtra, McKinsey & Company Undertook a study on Mumbai and the problems the city faces. This resulted in the ‘Vision Mumbai’ document which laid out a blueprint for Mumbai to transform itself into a world- class city.

The McKinsey report says that Mumbai needs to make quantum leaps on two fronts: economic growth and quality of life.