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Cohabitation Increases Or Decreases The Chances Of Divorce ??

Live-in relation i.e. cohabitation is an arrangement whereby two people decide to live together on a long-term or permanent basis in an emotionally and/or sexually intimate relationship. The term is most frequently applied to couples who are not married.
And the Supreme Court said that there was no law prohibiting live-in relationships or pre-marital sex. “Living together is a right to live” the Supreme Court said, apparently referring to Article 21 of the Constitution of India which guarantees right to life and personal liberty as a fundamental right.
Relationships get better with time! If you are with the right person, spending quality time result in knowing them better and developing a bond based on trust.
For working young people living in is actually a very good way to develop and grow together!
"The longer couples waited to make that first serious commitment, the better their chances for marital success"
As many have written already, its not about physical intimacy alone (if that is your reason alone – think again, as that might fade quickly), its about building a working relationship, trust and companionship.
"In the 1960's, 70's, and 80's, cohabitation was a more unconventional way of getting together."
“Couples who cohabit before marriage (and especially before an engagement or an otherwise clear commitment) tend to be less satisfied with their marriages—and more likely to divorce—than couples who do not,” 
Others blamed the types of individuals who were moving in together as the reasons so many of those unions resulted in divorce.
“Back in the 1960’s, the 70’s, and the 80’s, cohabitation was a more unconventional way of getting together. The types of people who were cohabiting were less likely to conform to the traditional standards of marriage such as responsibility, fidelity, and commitment,”
“Cohabitation fosters enough intimacy to facilitate childbearing but not enough commitment to make people deliberate about their choices to become parents,”
“The result, an unplanned birth, can pose real problems to their relationship and to their future odds of successfully marrying.”
For couples who decide to move in together, just over half of them marry within five years. Within that same time period, 40 percent of couples split up. Roughly 10 percent of them continue to live together without being married.
Reality of Cohabitation 
What We Think –
While the idea of “test driving” a car before you buy it is a good idea, it doesn’t apply to marriage. Living together is basically a “pretend marriage” and nothing like the real thing. Couples who live together often have attitudes like: “I can leave any time,” and “My money vs. your money” that married couples don’t typically have. Married couples often have a stronger bond to each other because of their vow of permanence. Married couples also tend to have less volatile relationships.
Truth is
Living together will give us a stronger marriage.
What We Think
Although many couples think that moving in together can give them a great head start in their marriage, living together can actually harm your marriage. Couples who live together before they marry have a divorce rate that is 50 percent higher than those who don’t.
Truth is
Sharing finances and expenses will make things easier on our relationship.
What We Think
While sharing finances and expenses seems like the easy thing to do in the beginning, problems do arise. Just like any couple, disputes often center around money. Couples who live together have more financial issues to resolve. Conflicts arise over, who is responsible for which bill, and the rights that one partner has to tell the other how to spend “their” money.
Truth is
Your sex life goes downhill when you get married.
What We Think
The level of sexual satisfaction is higher among married couples than for couples who live together. Couples who live together tend to be less faithful to their partners than married couples.
Truth is
Marriage is just a piece of paper.
What We Think
Emotionally, physically and spiritually, marriage is so much more than a piece of paper. It is a commitment. Viewing marriage as only a legal arrangement strips it of its meaning and sets the relationship up for failure. If couples do not view marriage as a loving, committed relationship, divorce is almost inevitable.
Truth is
It’s only temporary.
What We Think
Many people enter a cohabiting relationship hoping they will be married soon. However, living together isn’t always a stepping-stone to marriage. Statistics report that 60 percent of couples who live together will not go on to get married either because they break up (39 percent) or just continue to live together (21 percent).
Truth is
Living together is best if children are involved.
The effects of cohabitation or of Divorce on children is significant. Children in these situations are at risk of emotional and social difficulties, performing poorly in school, having early premarital sex and having difficulty forming permanent emotional attachments in adulthood. If the man in the household is not the biological father, children are at greater risk of experiencing physical and sexual abuse.