[Solved]-how to show data label on barchart using chart.js in Angular10 project?-Chart.js

Example chart with labels is as follows

import { Component } from '@angular/core';

@Component({
  selector: 'app-root',
  templateUrl: './app.component.html',
  styleUrls: ['./app.component.css']
})
export class AppComponent {
  title = 'Bar Chart Example in Angular 4';

  // ADD CHART OPTIONS. 
  chartOptions = {
    responsive: true    // THIS WILL MAKE THE CHART RESPONSIVE (VISIBLE IN ANY DEVICE).
  }

  labels =  ['JAN', 'FEB', 'MAR', 'APR', 'MAY', 'JUN', 'JUL', 'AUG', 'SEP', 'OCT', 'NOV', 'DEC'];

  // STATIC DATA FOR THE CHART IN JSON FORMAT.
  chartData = [
    {
      label: '1st Year',
      data: [21, 56, 4, 31, 45, 15, 57, 61, 9, 17, 24, 59] 
    },
    { 
      label: '2nd Year',
      data: [47, 9, 28, 54, 77, 51, 24]
    }
  ];

  // CHART COLOR.
  colors = [
    { // 1st Year.
      backgroundColor: 'rgba(77,83,96,0.2)'
    },
    { // 2nd Year.
      backgroundColor: 'rgba(30, 169, 224, 0.8)'
    }
  ]
  
  // CHART CLICK EVENT.
  onChartClick(event) {
    console.log(event);
  }
}