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Dye Sensitized Solar Cell (DSSC) is considered to be one of the most promising technological developments in the field of Solar Cells. It is basically a cell that imitates the process seen in plant cells to produce energy. It is a photo-electrochemical cell, considering the electron moments caused by the combined effect of the photon energy and the chemical reactions. The DSSC being transparent to some extent and comparatively cheaper than conventional solar photo-voltaic, can be a potential energy source for the future. But there are many aspects that need to be worked upon before declaring it as a feasible commercial product. The paper emphasizes on these aspects and the various improvements that the DSSC has gone through in recent years. This is a detailed review of the work done to improve the performance of DSSC, with supporting data. A comparative study of the effect of various suggested modification to the different components of DSSC has been done. This would give a clear idea about the most recent improvements done in DSSC with respect to the various components. It includes a summary of the suggested improvements by various researchers, bifurcated into different sections with respect to the different components of the DSSC. It was observed that incorporating graphene sheets of various sizes in the photo anode helped to improve the efficiency of DSSC significantly, giving a maximum efficiency of 6.62%. In case of novel dyes used in the DSSC fabrication the D-A-pi-A indoline dyes showed a great enhancement in the cell efficiency, with efficiency of up to 6.9%. Incorporation of Pt in counter electrodes and 3D-CE also showed notably good efficiency in DSSC, the efficiency improving up to 8.8%. [ABSTRACT FROM AUTHOR]