How do I link and compile Raylib on windows?

Question

I have installed the raylib migw from the official source. The installation directory is C:\raylib\raylib. I have written the sample program from the website as follows.

#include "raylib.h"

int main(void){
    const int screenWidth = 800;
    const int screenHeight = 600;

    InitWindow(screenWidth, screenHeight, "raylib basic window test");

    SetTargetFPS(60);

    while(!WindowShouldClose()){
        BeginDrawing();
        ClearBackground(RAYWHITE);
        DrawText("Congrats! You created your first window!", 190, 200, 20, LIGHTGRAY);

        EndDrawing();
    }

    CloseWindow();

    return 0;
}

I have compiled it using gcc main.c -I C:\raylib\raylib\src and when I do this, I'm getting the following error

C:\Users\jaych\AppData\Local\Temp\ccOHQPti.o:main.c:(.text+0x37): undefined reference to `InitWindow'
C:\Users\jaych\AppData\Local\Temp\ccOHQPti.o:main.c:(.text+0x43): undefined reference to `SetTargetFPS'
C:\Users\jaych\AppData\Local\Temp\ccOHQPti.o:main.c:(.text+0x48): undefined reference to `WindowShouldClose'
C:\Users\jaych\AppData\Local\Temp\ccOHQPti.o:main.c:(.text+0x58): undefined reference to `BeginDrawing'
C:\Users\jaych\AppData\Local\Temp\ccOHQPti.o:main.c:(.text+0x86): undefined reference to `ClearBackground'
C:\Users\jaych\AppData\Local\Temp\ccOHQPti.o:main.c:(.text+0xce): undefined reference to `DrawText'
C:\Users\jaych\AppData\Local\Temp\ccOHQPti.o:main.c:(.text+0xd3): undefined reference to `EndDrawing'
C:\Users\jaych\AppData\Local\Temp\ccOHQPti.o:main.c:(.text+0xdd): undefined reference to `CloseWindow'
collect2.exe: error: ld returned 1 exit status

How do I fix this?