<ul><li>vite is a build tool that aims to provide faster and learner development experience for modern web projects.</li><li>NPM, which stands for 'Node Package Manager', is a package manager and software registry primarily used with the node.js runtime environment.</li><li>To set up a React project, you can use the vite tool for basic setup. You can create a folder in your device and open it in the command prompt or create a folder directly in VS Code and open the terminal.</li><li>To create the project dependencies, you can use the command 'npm create vite@latest' in the terminal and follow the setup process.</li></ul>

REACT PROJECT SETUP

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