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By comparison, for most of March the number of cases in Australia increased by approximately 20-25 percent every day.

By June-end, Vingoo Juice had more than 3,000 machines in 176 Chinese cities. The company sells 4 million cups of orange juice every month, higher than its combined sales between 2013 and 2015.

But the country's GDP growth hit a six-year low of 5 percent in the first quarter (April-June) of the financial year. The first-half GDP growth could be 5.2 percent, according to reports by India Ratings and Research, adding that the growth may recover to 6.9 percent in the second half of the current fiscal year, mainly on account of the base effect.

But the company did not stick to that principle too long. Alibaba Digital Media and Entertainment Group announced on Monday that it will establish a gaming business group.

But there could be a silver lining to all of this negativity. If it leads to greater efforts to reskill and reshape the workforce to better adapt to change, then this is exactly what is required. Ironically, it could well be this pessimism that produces the preparedness needed to ensure that, ultimately, the pessimism was unfounded.