The actual part number of the part is TPS79650DRBR
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Hi Aswin,
The circuit looks good, and is configured properly.
Only thing I'd caution on is the current limit. You have the 1A rating listed, but I want to specify that is the amperage through the part, so your load cannot be 1A as you are already drawing around 13mA into that LED, This is not a problem, just want to make sure you don't overdesign that 5V rail.
Regards,
John