The Jungle Book is far from the only one or even considered the worst offender:
Racist imagery and cultural stereotypes in six Disney animated classics including Peter Pan, The Jungle Book, Lady and the Tramp, The Aristocats, Dumbo and Swiss Family Robinson are being flagged on the Disney+ streaming site with warnings and detailed explanations of the “negative depictions”...
deadline.com
I put Dumbo at the top of my list, which arguably features a scene of worse racial stereotyping than anything in The Jungle Book. But as a little gay kid, Disney movies were all I got to see at the cinema and I related to Dumbo as a "queer" character, who got abused for being different and who comes into his own by the end. The racial coding of the crows, who are sympathetic characters and who help Dumbo to realise his potential but who are a representation of a racist pun, went over my head.
I'm into classic movies and even more questionably, into vintage exploitation films. Something to come to terms with (or not) is that 20th century art and entertainment can be problematic. These films will share outdated and/or offensive views on race, LGBT+ values, women and other civil right issues when judged from a 21st century perspective. It's necessary to acknowledge racism, homophobia, misogyny, etc in those films but within reason, everyone has to decide for themselves what they'll watch or what they'll "cancel". The Jungle Book can be read as racially coded, the villain of The Lion King can be read as stereotypically gay and the old Disney princess movies are plainly sexist. I don't endorse the dodgy representations in those films, I regard them educational in regard to historical representation of oppressed groups and minorities in popular culture. I also believe there is a difference between films like The Jungle Book, where the subtext lends itself to interpretation and films which are outright racist, like Song of the South, which Disney have now locked in a vault never to be released again.
Good podcast on racism in Disney movies and classic Hollywood in general here:
www.youmustrememberthispodcast.com