After cloning openram from git and also setting necessary paths as in example, when I try to run myconfig.py as in the example, nothing is happening. Where would I see the output? Iam actually just starting with OpenRAM. Any help?

You should see some text output right away when you run it with a header like this:

|==============================================================================|
|=========                      OpenRAM v1.1.18                       =========|
|=========                                                            =========|
|=========               VLSI Design and Automation Lab               =========|
|=========        Computer Science and Engineering Department         =========|
|=========            University of California Santa Cruz             =========|
|=========                                                            =========|
|=========          Usage help: <mailto:openram-user-group@ucsc.edu|openram-user-group@ucsc.edu>           =========|
|=========        Development help: <mailto:openram-dev-group@ucsc.edu|openram-dev-group@ucsc.edu>        =========|
|=========Temp dir: /openram/macros/sky130_sram_1kbyte_1rw1r_32x256_8/tmp/=========|
|=========                See LICENSE for license info                =========|
|==============================================================================|
*

depending on your verbosity (-v argument) you may see more output. The output will go in a temp directory as shown above and the final results will go either in the current durectory or in the directory specified by the variable "output_path" in you rconfig file.