Not buying a private home, a car or even a chair, Spandan Sharma, 29, is "addicted" to renting everything from furniture to phones.

"Our generation likes freedom, and what used to be stability is now a sign of attachment," said Sharma, who lives in Mumbai, India.

Sharma represents a part of India's young people who want to break the old rules of life by renting everything instead of buying and owning.

"My parents didn't fully understand the concept of renting furniture," Sharma said. "They also disagree with this view, because they think ownership is better than long-term lease."

Each month, the 29-year-old loses 4,257 rupees ($ 60) to rent everything for his apartment, from furniture in the bedroom, living room, kitchen to refrigerator and microwave.

Sharma is not alone in pursuing a "hired" lifestyle, because tens of thousands of young people in India are choosing the same way. Many businesses in this country even see this as a new trend, including 25-year-old businessman Vandita Morarka.

When Morarka founded the nonprofit One Future Collective in 2017, she hired almost everything needed for the office and set aside the savings from that to pay her employees.

"From desks and chairs to laptops, I rented them all at a very reasonable cost," Morarka said. "This option helps reduce my risk. In the worst case scenario, we can completely close this office without losing a large investment, and start over anywhere."

From carpooling applications to sharing office space, the sharing economy has become a global phenomenon with annual revenue of about $ 335 billion by 2025, according to forecasts by audit firm PwC. in the UK.

In the US, sites like Rent the Runway and Nuuly allow customers to rent clothes, while in China, customers can rent a BMW through the touch of a smartphone screen.

The explosion of this trend in India has led to an increasing number of new furniture and household rental businesses such as Furlenco, RentoMojo or GrabOnRent. Besides, many jewelry rental applications have also appeared in recent years.

The new trend is seen as a bright spot in the context of the Indian economy is showing signs of recession, when consumer demand is declining, even in the top-earning industry like cars.

The furniture rental market in India is expected to reach US $ 1.89 billion in revenue by 2025, according to forecasts by market research firm Research Nester in the US.

"We expect to reach one million orders within 30 months," said Geetansh Bamania, founder of RentoMojo.

The Bangalore-based company rents everything from furniture, appliances, gym tools to iPhones, smart home devices like Google Home and Amazon Echo.

"Renting a smartphone is a popular option for young people, because they can easily have the latest models at low prices without having to 'burn money' like they used to," Bamania said.

For many young people in India, renting furniture is a smart option that saves them money.

Sharma's father was married at age 29, while working in a bank and having to save every paycheck to buy a house and a car. But Sharma chose a different way of life and spent a lot of time to experience life.

"Living in 5 different cities in both countries for 7 years is beyond my father's imagination, but that's my life now," Sharma said.

He also said that many furniture rental applications now offer additional free shipping services. "This is a great thing for our generation to be able to pack up and move anywhere in just a few weeks," Sharma said.