I cannot resolve the issue. When application loads react native throw warnings.
WARN `new NativeEventEmitter()` was called with a non-null argument without the required `addListener` method.
WARN `new NativeEventEmitter()` was called with a non-null argument without the required `removeListeners` method.
It is the issue related with react native reanimated library. I solve it by uninstalling the library and reinstalling it. Remove all the installation steps of react-native-reanimated library provided by https://docs.swmansion.com/react-native-reanimated/docs/fundamentals/getting-started/#installation.
Simply install library using command npm install react-native-reanimated@2.3.0-beta.1
If the issue still then open project in android studio. Go to file->invalidate cache. After it all things work right.