I am trying to create a basic spring boot application (JDK 1.8) with a REST API . The following is my application code
package org.demo;
import org.springframework.boot.SpringApplication;
import org.springframework.boot.autoconfigure.EnableAutoConfiguration;
import org.springframework.boot.autoconfigure.SpringBootApplication;
import org.springframework.context.annotation.ComponentScan;
@SpringBootApplication
@ComponentScan("org.demo")
@EnableAutoConfiguration
public class DemoApplication {
    public static void main(String[] args) {
        SpringApplication.run(DemoApplication.class, args);
    }
}
I have added a simple controller as follows
    package org.demo.controllers;
import org.springframework.web.bind.annotation.GetMapping;
import org.springframework.web.bind.annotation.ResponseBody;
import org.springframework.web.bind.annotation.RestController;
@RestController(value = "/hello")
public class HelloController {
    @GetMapping
    @ResponseBody
    public String hello() {
        return "Hello";
    }
}
The POM file of my project is as follows
    <?xml version="1.0" encoding="UTF-8"?>
<project xmlns="http://maven.apache.org/POM/4.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
         xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
    <modelVersion>4.0.0</modelVersion>
    <groupId>org.demo</groupId>
    <artifactId>demo</artifactId>
    <version>0.0.1-SNAPSHOT</version>
    <packaging>jar</packaging>
    <name>demo</name>
    <description>Demo project for Spring Boot</description>
    <parent>
        <groupId>org.springframework.boot</groupId>
        <artifactId>spring-boot-starter-parent</artifactId>
        <version>2.0.1.RELEASE</version>
        <relativePath/> <!-- lookup parent from repository -->
    </parent>
    <properties>
        <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
        <project.reporting.outputEncoding>UTF-8</project.reporting.outputEncoding>
        <java.version>1.8</java.version>
    </properties>
    <dependencies>
        <dependency>
            <groupId>org.springframework.boot</groupId>
            <artifactId>spring-boot-starter-web</artifactId>
        </dependency>
        <dependency>
            <groupId>org.springframework.boot</groupId>
            <artifactId>spring-boot-starter-test</artifactId>
            <scope>test</scope>
        </dependency>
        <dependency>
            <groupId>org.springframework.boot</groupId>
            <artifactId>spring-boot-starter-tomcat</artifactId>
        </dependency>
    </dependencies>
    <build>
        <plugins>
            <plugin>
                <groupId>org.springframework.boot</groupId>
                <artifactId>spring-boot-maven-plugin</artifactId>
            </plugin>
        </plugins>
    </build>
</project>
When I run this application, it starts successfully. However, when I try to hit the URL localhost:8080 or loclahost:8080/hello, I get the 404 error message
The following are the startup logs :: Spring Boot :: (v2.0.1.RELEASE)
2018-04-24 21:51:38.888  INFO 12068 --- [           main] org.demo.DemoApplication                 : Starting DemoApplication on DESKTOP-G2QR23G with PID 12068 (I:\demo\spring-boot\demo\target\classes started by chirayu in I:\demo\spring-boot\demo)
2018-04-24 21:51:38.892  INFO 12068 --- [           main] org.demo.DemoApplication                 : No active profile set, falling back to default profiles: default
2018-04-24 21:51:38.970  INFO 12068 --- [           main] ConfigServletWebServerApplicationContext : Refreshing org.springframework.boot.web.servlet.context.AnnotationConfigServletWebServerApplicationContext@5745ca0e: startup date [Tue Apr 24 21:51:38 IST 2018]; root of context hierarchy
2018-04-24 21:51:39.617  INFO 12068 --- [           main] f.a.AutowiredAnnotationBeanPostProcessor : JSR-330 'javax.inject.Inject' annotation found and supported for autowiring
2018-04-24 21:51:39.999  INFO 12068 --- [           main] o.s.b.w.embedded.tomcat.TomcatWebServer  : Tomcat initialized with port(s): 8080 (http)
2018-04-24 21:51:40.030  INFO 12068 --- [           main] o.apache.catalina.core.StandardService   : Starting service [Tomcat]
2018-04-24 21:51:40.030  INFO 12068 --- [           main] org.apache.catalina.core.StandardEngine  : Starting Servlet Engine: Apache Tomcat/8.5.29
2018-04-24 21:51:40.043  INFO 12068 --- [ost-startStop-1] o.a.catalina.core.AprLifecycleListener   : The APR based Apache Tomcat Native library which allows optimal performance in production environments was not found on the java.library.path: [I:\Program Files\Java\jdk1.8.0_66\bin;C:\WINDOWS\Sun\Java\bin;C:\WINDOWS\system32;C:\WINDOWS;C:\ProgramData\Oracle\Java\javapath;C:\Program Files (x86)\Intel\iCLS Client\;C:\Program Files\Intel\iCLS Client\;C:\Windows\system32;C:\Windows;C:\Windows\System32\Wbem;C:\Windows\System32\WindowsPowerShell\v1.0\;C:\Program Files (x86)\Intel\Intel(R) Management Engine Components\DAL;C:\Program Files\Intel\Intel(R) Management Engine Components\DAL;C:\Program Files (x86)\Intel\Intel(R) Management Engine Components\IPT;C:\Program Files\Intel\Intel(R) Management Engine Components\IPT;C:\Program Files (x86)\NVIDIA Corporation\PhysX\Common;C:\WINDOWS\system32;C:\WINDOWS;C:\WINDOWS\System32\Wbem;C:\WINDOWS\System32\WindowsPowerShell\v1.0\;I:\Program Files\Java\jdk1.8.0_66\bin;I:\Program Files\nodejs\;C:\Program Files (x86)\GtkSharp\2.12\bin;C:\Program Files (x86)\Skype\Phone\;I:\MinGW\bin;C:\Program Files (x86)\MySQL\MySQL Fabric 1.5 ^& MySQL Utilities 1.5\;C:\Program Files (x86)\MySQL\MySQL Fabric 1.5 ^& MySQL Utilities 1.5\Doctrine extensions for PHP\;I:\Program Files (x86)\maven\apache-maven-3.3.9\bin\;I:\Program Files (x86)\Heroku\bin;C:\Program Files (x86)\git\cmd;I:\Program Files\Git\cmd;I:\Program Files\PostgreSQL\9.6\bin;I:\RailsInstaller\Git\cmd;I:\RailsInstaller\Ruby2.2.0\bin;I:\Program Files (x86)\Python\Scripts\;I:\Program Files (x86)\Python\;C:\Users\chirayu\AppData\Roaming\npm;C:\Users\chirayu\AppData\Local\Microsoft\WindowsApps;I:\Program Files (x86)\Microsoft VS Code\bin;;.]
2018-04-24 21:51:40.164  INFO 12068 --- [ost-startStop-1] o.a.c.c.C.[Tomcat].[localhost].[/]       : Initializing Spring embedded WebApplicationContext
2018-04-24 21:51:40.164  INFO 12068 --- [ost-startStop-1] o.s.web.context.ContextLoader            : Root WebApplicationContext: initialization completed in 1198 ms
2018-04-24 21:51:40.215  INFO 12068 --- [ost-startStop-1] o.s.b.w.servlet.FilterRegistrationBean   : Mapping filter: 'characterEncodingFilter' to: [/*]
2018-04-24 21:51:40.598  INFO 12068 --- [           main] o.s.j.e.a.AnnotationMBeanExporter        : Registering beans for JMX exposure on startup
2018-04-24 21:51:40.633  INFO 12068 --- [           main] o.s.b.w.embedded.tomcat.TomcatWebServer  : Tomcat started on port(s): 8080 (http) with context path ''
2018-04-24 21:51:40.638  INFO 12068 --- [           main] org.demo.DemoApplication                 : Started DemoApplication in 2.2 seconds (JVM running for 2.797)
I am not sure what I might be missing. Please help.