Does The Jungle Book contain racist subtext? Think carefully first, then make a decision:
Baloo, the father character in The Jungle Book, refers to the money characters as "flat-nosed flaky creeps" mocking a common black feature feature. The antagonist snake character was made to sound like an Indian mag, and was said to hate men. King Louie is viewed socially as a racist archetype of a black man. So, the answer is yes.