[new feature] Create shell script to set up development environment

[nikochiko]

Current behavior:
The user has to go through a lot of steps to set up the development environment locally. This often leads to errors due to missed commands / unfulfilled dependencies on the users side or due to outdated documentation.

New functionality:
A script could be created that does all the automation and sets up the development environment for the user.
What this feature can do:

• Saves a lot of time for user in multiple ways (not having to install dependencies manually, or going through every step in the documentation)
• Reduces scope for errors
• The script can be put on the CI/CD pipeline to make sure that the development setup is functioning as expected.

Note: I would like to work on this if the maintainers approve. (I am also a GCI participant, so if possible I would like to have this added as a task).
@RishabhJain2018 @vkartik97 @Ram81 Can I go ahead and submit a PR?