Following is the solution which worked for me. The files which I updated are as follows:
Changes in the corresponding files are as follows:
1. config.xml
I have added <application android:usesCleartextTraffic="true" />
tag within <edit-config>
tag in the config.xml file
<platform name="android">
<edit-config file="app/src/main/AndroidManifest.xml" mode="merge" target="/manifest/application" xmlns:android="http://schemas.android.com/apk/res/android">
<application android:usesCleartextTraffic="true" />
<application android:networkSecurityConfig="@xml/network_security_config" />
</edit-config>
...
<platform name="android">
2. network_security_config.xml
In this file I have added 2 <domain>
tag within <domain-config>
tag, the main domain and a sub domain as per my project requirement
<?xml version="1.0" encoding="utf-8"?>
<network-security-config>
<domain-config cleartextTrafficPermitted="true">
<domain includeSubdomains="true">mywebsite.in</domain>
<domain includeSubdomains="true">api.mywebsite.in</domain>
</domain-config>
</network-security-config>
Thanks @Ashutosh for the providing the help.
Hope it helps.