@Dhilip Subramanian Thanks for reaching out. As per your workflow the logic app will only get triggered when a file is create or modified at the configured folder Id on your triggered.
Can you please confirm when you created or modified the file did you see that the logic app workflow is getting triggered or skipped? Please navigate to run history and trigger history of your workflow to verify it.
Reviewing the run history and triggered history should confirm whether the workflow was triggered successfully or not. If it was successful, then what was the input/output of your different action in your workflow.
In case it is not getting triggered when you modified/create the file till the 3 minutes then please try to reconfigure the folder ID again to see if it helps you.
If the above doesn't help, then I can connect offline to assist you further.