They started well but later they were under some pressure after losing their wickets, although India lost only three wickets, they are still facing a lot of challenges. If these two KL Rahul and Rishabh Pant can stabilize the game, then it may be possible for them to meet the target of 242 runs. And if these two do not have a cool batting performance, if the pair breaks, then there is a possibility that it may be difficult. Today, the Indian team must play according to their batting performance and meet the target. But I believe that since the Indian team's batting is still there, it seems that they will be able to meet this target and give a lead.
India is still in a strong position than England. England had a good start but their lower order failed them this time. This is the lowest score for England in these last three test and India looks in track to get over that. With just two days gone, there would still be enough time to decide the game even if India bats whole of 3rd day. KL Rahul and Rishab Pant are int the crease for some time now. They would come tomorrow refreshed.
It would still be early to decide as how the teams performs in 2nd innings mostly decides the results of the game.