Shekhar,
In most geographical regions, code requires the Neutral to be connected to ground in your service breaker box. If you have the opportunity to look inside, you will see that they are all connected by a buss bar and all of the grounds are connected to the same place. The wires in a receptacle are open loop and thus waiting for something to complete the circuit. If you touch the Hot wire, you can become a path to ground and this is how you can get zapped. The only way that a Neutral wire will give you a zap is if you are a better path to ground than the Neutral circuit where it connects to the buss in the service box. Yes, if you have a loose Neutral wire in the breaker panel, you could get zapped by touching this side of the circuit. This is not uncommon. One way to find such a faulty circuit is by measuring voltage from Neutral to Ground at the receptacle. If it is greater than zero, you have a loose wire or corrosion, or something causing a weak connection of one of the circuits to ground. In other words, if the wire where it is connected to the buss bar is not at ground potential due to looseness or corrosion or rust, etc, you might be a better ground potential than the connection in the service box.
hope this helps you in your quest.
MP