unable to deploy a basic react app on elastic beanstalk - reactjs

Question

I created a simple react-app and I was able to run it locally. However I am unable to deploy the app on elastic beanstalk using eb cli or manually.
There seems to be no node server running, hence the health checks were failing.
How can I resolve this error?
Environment health has transitioned from Pending to Degraded. Initialization completed 6 seconds ago and took 2 minutes. Impaired services on all instances.
{
"name": "my-app",
"version": "0.1.0",
"private": true,
"dependencies": {
"#testing-library/jest-dom": "^5.16.5",
"#testing-library/react": "^13.4.0",
"#testing-library/user-event": "^13.5.0",
"react": "^18.2.0",
"react-dom": "^18.2.0",
"react-scripts": "5.0.1",
"web-vitals": "^2.1.4"
},
"scripts": {
"start": "react-scripts start",
"build": "react-scripts build",
"test": "react-scripts test",
"eject": "react-scripts eject"
},
"eslintConfig": {
"extends": [
"react-app",
"react-app/jest"
]
},
"browserslist": {
"production": [
">0.2%",
"not dead",
"not op_mini all"
],
"development": [
"last 1 chrome version",
"last 1 firefox version",
"last 1 safari version"
]
}
}
I have also noticed the following message
Instance deployment: You didn't specify a Node.js version in the 'package.json' file in your source bundle. The deployment didn't install a specific Node.js version.
So I have updated the package.json with the following, however it didn't help.
"engines" : {
"npm" : ">=8.0.0 <9.0.0",
"node" : ">=16.0.0 <17.0.0"
}