It's probably for the best; a situation might not be ideal, but it could be worse.

यह शायद सबसे अच्छा है; स्थिति आदर्श नहीं हो सकती, लेकिन इससे भी बदतर हो सकती है।

English Usage: It is just as well that we booked our tickets early, because the concert is now sold out.

Hindi Usage: अच्छा हुआ कि हमने टिकट जल्दी बुक कर लिए, क्योंकि अब कंसर्ट के टिकट बिक चुके हैं।

A favorable condition or outcome, implying it is a good thing that something happened or didn't happen.

अच्छा हुआ या यह उचित है कि वैसा हुआ।

English Usage: It's just as well that we brought an umbrella because it started to rain.

Hindi Usage: अच्छा हुआ कि हम छाता ले आए, क्योंकि बारिश शुरू हो गई।