Failed to process file DefaultEditor.ini Error during creation of Blank New Project

Recently in one of my projects I am working on didn’t build lighting only, forums lead me to check the files inside script folder, which in my case is empty, to test it I created a blank project and it gave me this error
Later after that dialogue box if I press next it shows another error “Couldn’t set engine identifier for project”
then the create project button dies unless I Change my project location

Fixed it

Figured I must install the prerequisites which gave me error during installation, to install that I installed a msi package extractor and extracted the prerequisites.msi located in Engine\extars\Redist, once extracted that i installed it from installed file, it still doesn’t launch from Epic games launcher but it solved other bugs like not creating engine ini files.