At the end of the panel, you’ll see whether the fact-checker has deemed the information true or false, in all caps even. While the information panel does show up below the search bar, related videos will still appear in the search results.
Hence, it is still up to the viewers whether they want to believe the videos that appeared on the search or otherwise. For now, the feature is only available to a number of users in India, for search queries in English and Hindi. It will eventually expand to other users around the world, but no release timeline was provided by YouTube for the time being. (Source: BuzzFeed)