India finished 48th in the Tokyo Olympics medals table with 1 gold, 2 silver and 4 bronze. The total tally of seven medals is India's best show at the Olympics to date, and the hopes from Paris are to rise from being in the top 50 on the medals tally in Tokyo to maybe top 30. However, a data on medal projections by Nielsen's Gracenote Sports, a provider of statistical analysis, doesn't feature India in top 30.
As per usual dominance at the Olympic Games, USA is expected to win the most medals, but China may surpass them in terms of winning the most gold medals -- say the Gracenote predictions.