Is Babuta an Indian Surname and is it Khatri subcast?

Yes, Babuta is an Indian surname, and it is commonly associated with the Khatri subcaste. The Khatri community is a subgroup of the larger Kshatriya varna in Hindu society, traditionally associated with trading and mercantile occupations. Surnames like Babuta are often indicators of a person's caste or community background in India.