Telecom Minister Ravi Shankar Prasad said telecom sector regulator Trai is holding wide consultations on the issue and its report is also awaited.
"Trai is undertaking a consultation on the issue of Net neutrality. Trai being an advisory body, their advice is certainly entitled to our respect, which I am awaiting," Prasad told reporters here.
Net neutrality implies equal treatment be accorded to all Internet traffic and no priority should be given to any person or entity or company based on payment, which is seen as discriminatory.
"I have asked them to give me a report by the second week of May after the widest consultation possible including online to help government come to an informed decision on this issue. Since I am awaiting these reports, it will not be proper for me to make any comment."
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Net Neutrality, an widely debated issue globally, has in the past few days caught India's attention with politicians, corporate leaders and film stars taking to social media sites such as Twitter and Facebook to debate on the issue.
Airtel Zero is an open marketing platform that allows customers to access a variety of mobile applications for free, with the data charges being paid by start-ups and large companies.
Social media saw a huge debate on Airtel Zero with experts and free Internet advocates saying that the product violates principles of net neutrality.
Also over the last few months, operators like Reliance Communications and Uninor have tied up with players like Facebook, WhatsApp and Wikipedia to offer free usage to consumers.
Prasad added that Internet is one of the finest creations of the human mind and it is a property of the entire human race and not of any country or society.