Rasa version upgrading

I used rasa a year back and the version of rasa is 1.10.2 and rasa x is 0.28. Now, most of the features have been deprecated. My question is if we integrate the bot with the application and deployed it into production. Once rasa is upgrading its version whether the previous version of the bot in production will affects?Whether I need to upgrade for every release?

@Saranya96 What production process you are following?

File formats have changed from rasa v1 to rasa v2, now yaml instead of MD. Check new training data format and new rules files. There is a rasa data convert command too to assist you in the conversion, at least for config and nlu files.