How to fix 502 Bad Gateway Error in production(Nginx)?

When I tried to upload a big csv file of size about 600MB in my project which is hosted in the digital ocean, it tries to upload but shows 502 Bad Gateway Error (Nginx).

The application is a data conversion application.

This works fine while working locally.

sudo tail -30 /var/log/nginx/error.log

shows

[error] 132235#132235: *239 upstream prematurely closed connection while reading response header from upstream, client: client's ip , server: ip, request: "POST /submit/ HTTP/1.1", upstream: "http://unix:/run/gunicorn.sock:/submit/", host: "ip", referrer: "http://ip/"

sudo nano /etc/nginx/sites-available/myproject

shows

server {
    listen 80;
    server_name ip;
    client_max_body_size 999M;

    location = /favicon.ico { access_log off; log_not_found off; }
    location /static/ {
       alias  /root/static/;
    }
    location / {
        include proxy_params;
        proxy_pass http://unix:/run/gunicorn.sock;
    }
}

nginx.conf

user root;
worker_processes auto;
pid /run/nginx.pid;
include /etc/nginx/modules-enabled/*.conf;

events {
        worker_connections 768;
        # multi_accept on;
}

http {

        ##
        # Basic Settings
        ##

        sendfile on;
        tcp_nopush on;
        tcp_nodelay on;
        keepalive_timeout 65;
        types_hash_max_size 2048;
        # server_tokens off;

        # server_names_hash_bucket_size 64;
        # server_name_in_redirect off;

        include /etc/nginx/mime.types;
        default_type application/octet-stream;

I have also the javascript loader running while the conversion process takes place. How can I fix this?

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