Uncaught TypeError: _react.default.createContext is not a function. I have latest version of react and react-redux

Question

I am trying to upgrade the application and using following versions for react and react-redux but getting this error."Uncaught TypeError:_react.default.createContext is not a function". The solution I have found so far is asking to update react and react-redux but it's already updated. React : ^17.0.1, React-dom : ^ 17.0.1, React-redux : ^7.2.2, React-router: ^ 5.2.0