Yes. CLRS I had ordered almost the same time as TAOCP and although I was skeptical at the beginning, I was surprised that it was a good edition.

The biggest problem is though, once we've bought the Indian edition, we wont buy the original edition(obviously). This makes it difficult for us to gauge how much off the edition we own is from the original one.

I used the Eastern Economy Edition version of CLRS2 in a course I was taking. I never found a difference other than page numbering (which was accurately reflected in the index and table of contents), so I think you're okay on that one. :-)

I paid 2€ for CLRS2 when my library threw it out. In pretty good condition, hard cover. Possibly the best deal I ever made.

A friend of mine purchased the first three volumes of TAoCP for $1 each from a sale at the UCLA engineering library and gave them to me.

They're quite scraped up and ugly, but the content is all there :)