The telecommunications regulator said it will finalise the new rules by end of January after a hearing process with stakeholders that will extend through the month.
Trai earlier this month said it had received nearly 6 lakh submissions on the consultation paper. The regulator had received over 10 lakh comments on first consultation that it floated around net neutrality - thus, the submissions for this paper must have beat that record.
India has become a battleground over the right to unrestricted Internet access, with local tech start-ups joining the frontline against Facebook founder Mark Zuckerberg and his plan to roll out free Internet to the country's masses.
India's mobile phone subscriber base peaked to more than 1 billion users for the first time, data released by Trai on Wednesday showed, making India the only country after China to achieve that milestone.
Total wireless subscribers in Asia's third-largest economy rose to more than 1 billion at the end of October from 996.7 million at September-end, the data showed. Mobile subscriptions in India have surged in recent years, helped by the launch of cheaper smartphones and record low call rates as a result of a cut throat competition among mobile phone operators to expand customer base.
Written with inputs from Reuters