Melbourne, Mar 8: There was no need to panic or over-react to Australia's shocking tri-series defeat against India, according to chairman of selectors Andrew Hilditch who said the world champions would analyse their mistakes and bounce back.

Hilditch said Australia had also lost last year's tri-series final to England but bounced back to clinch an unprecendented hat-trick of titles at the World Cup.

"In retrospect, it (losing to England) was a good thing. It probably got rid of any complacency and we went on to win the World Cup a month or two later, so you can't overreact to any of these things," Hilditch said.

The chief selector said overall the season was positive for Australia but they would still analyse what went wrong during the tri-series.

"Like after the 2005 Ashes, we're going to do a detailed analysis of where we can improve. We'll do that again this year. But often you can overreact because the result can come down to playing well on a couple of days in one-day cricket. The general view of the season is remarkably positive," he was quoted as saying by 'The Australian'.

Hilditch also quashed the theory that India's 'youth-only policy' might have been a reason for their loss in the just-concluded one-day series.

The average age of the Australian squad which lost 0-2 against Indian in the best-of-three tri-series finals, was around 33, the oldest to represent Australia in a one-day series.