The Nobel Peace Prize was awarded Friday to India's Kailash Satyarthi and Pakistan's Malala Yousafzai for their struggles against the suppression of children and for young people's rights, including the right to education.

Thorbjorn Jagland, chairman of the Norwegian Nobel Committee, said, "Children must go to school, not be financially exploited."

Yousafzai came to global attention after she was shot in the head by the Taliban โ€” two years ago Thursday โ€” for her efforts to promote education for girls in Pakistan. Since then, after recovering from surgery, she has taken her campaign to the world stage, notably with a speech last year at the United Nations.

Through her heroic struggle, she has become a leading spokeswoman for girls' rights to education, said Jagland.

Meanwhile, Satyarthi, age 60, has shown great personal courage in heading peaceful demonstrations focusing on the grave exploitation of children for financial gain, the committee said.

Satyarthi told reporters that the award was about many more people than him โ€” and that credit should go to all those "sacrificing their time and their lives for the cause of child rights" and fighting child slavery.