The meteorite which hit the Earth 1.85 billion years ago dug a deep basin which was about 1.5 km-thick. When meteorites hit the Earth, the large impacts can be followed by intense and long-lived explosive volcanic eruptions. The impact of the meteorite does not just create craters but also triggers volcanic eruptions on the Earth. FYI || The 10 worst disasters in space travel history ||Right after the impact of meteorite, volcanism was directly related to the melting of Earth's crust. EARLY EARTH AND METEORITE IMPACTSOn the early the Earth there was a relatively brief period during which roughly 150 very large impacts occurred whereas only a handful have hit Earth since then.

Source: India Today May 04, 2017 10:23 UTC