I am particularly interested in forces in the X and Y direction (lift and drag). Can anyone advise me on what changes should I make to improve the covergence? any help is appreciated.
I have some suggestions that could possibly help with your convergence issues.
I recommend always turning on Potential Flow Initialization
Its better to have a larger bounding box in order to remove potential problems with flow fluctuations. A good estimate is always a minimum of 10 X your geometry size. Yours seems a little too close to the velocity inlet, maybe add 2-3 meters in this direciton.
I would also add the estimated (or measured in CAD) center of gravity / center axis of rotation coordinates for this geometry as this could help the result control to have a stable point to measure about