Consideration in India:
In Indian contract law, consideration refers to the something of value that is exchanged between parties in a contract. It is an essential element for the validity of a contract. Consideration can be past, present, or future.

Past Consideration:
Past consideration refers to a promise made in return for an act that has already been performed. In other words, it is a promise to give something in exchange for a past action or service. However, past consideration is generally not valid consideration in India, as it lacks the element of reciprocity.

Present Consideration:
Present consideration refers to a promise made in exchange for an act or promise that is being performed or given at the same time. It is the most common form of consideration in contracts. For example, if A promises to pay B a certain amount of money in exchange for B delivering goods, the consideration is present because both the promise and the act occur simultaneously.

Future Consideration:
Future consideration refers to a promise made in exchange for an act or promise that will be performed or given in the future. It involves a promise to do or refrain from doing something in the future. For example, if A promises to pay B a certain amount of money in exchange for B providing consulting services over a period of six months, the consideration is future because the act will be performed at a later date.

Past, Present or Future Consideration:
In India, consideration can be past, present, or future. The Indian Contract Act, 1872 does not specifically distinguish between these types of consideration. As long as there is a valid exchange of something of value between the parties, it is considered as valid consideration. The important aspect is that consideration must be real and have some value in the eyes of the law.

In conclusion, consideration in India can be past, present, or future. The type of consideration depends on the timing of the act or promise in relation to the contract. However, it is important to note that past consideration is generally not considered valid consideration in India.