By Sagar Monga As the stable release of react native is bumped to 0.73, it brings a lot of changes, most notable of them being new AGP and Java versions (Source)
This can cause an issue if your older projects use JDK 11 and the one instantiated with 0.73 uses JDK 17 So to use multiple JDKs at once, there are the following methods (Decreasing order of menial work required).
Modify the JAVA_HOME variable every time you switch projects.
This can be done by updating environment variables,
Setting the path of JDK on a per-project basis
In gradle.properties , specify the path to a specific jdk folder by setting the
org.gradle.java.home variable
The only downside is if multiple people are working on the project, they would have to change it to their local path
SDKMAN (Recommended)
Just like nvm, SDKMAN is a tool for managing various versions of Java dependencies
Install on Bash on Windows using https://sdkman.io/install
Clear the JAVA_HOME Variable so that sdkman can configure it
To switch versions, end all tasks which are using java & use sdk default command