It is correct to use "there is" followed by a plural noun when the subject of the sentence is singular and refers to a group or a collection of individuals or things.
For example, "There are many apples in the basket," "There is a group of people waiting in the lobby," "There are a few issues that need to be addressed."
In this context, "there is" is used to indicate the presence of a group or collection of things or people, but it is still considered singular because the subject "there" is singular.
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