Improve readme file to set up the project locally

### Where should the content be changed?

_No response_

### What should be changed?

While **setting up the project** in my system I m facing issues it seems like the instructions are not well defined and clearly written for a new user who wants to contribute in this project.

I want to work on this and would add the instructions specifically so a new user can easily able to run the project in their system.
Assign this task to me, willing to contribute on it.

### Additional information

_No response_

### Incorrect or outdated

- [ ] Incorrect
- [ ] Outdated