Is Genshin still p2w?

I've been hearing mixed opinions about Genshin Impact's pay-to-win aspect. Some players claim that the game is heavily skewed towards those who spend real money, while others argue that it's still possible to progress and enjoy the game without investing financially. So, I'm curious to know, is Genshin Impact still considered a pay-to-win game in the current state of the game? Are there significant advantages for players who spend money on in-game purchases, or can players still compete and progress at a fair pace without spending any real money?