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The refraction of light in a medium depends on the speed of light in that medium. Therefore, when the speed of light in a medium is more, the bending is less, and when the speed of light is less, the bending is more.
 
Refraction-of-light-in-water20150805-30610-expmep.jpg
The amount of refraction of light in a medium is denoted by a term known as the refractive index of the medium, which is the ratio of the speed of light in the air to the speed of light in that particular medium. It is also known as the absolute refractive index, and it is denoted by the Greek letter ‘\(μ\)’ (pronounced as ‘mew’).
μ=Speed of light in air (c)Speed of light in the medium (v)
 
Refractive index is a ratio of two similar quantities (speed), and so, it has no unit.

Since the speed of light in any medium is less than its speed in the air, the refractive index of any transparent medium is always greater than \(1\).
 
Refractive indices of some common substances are given in the table.
 
SubstancesRefractive Index 
Air
1.0
Water
1.33
Ether
1.36
Kerosene
1.41
Ordinary Glass
1.5
Quartz
1.56
Diamond
2.41
In general, the refractive index of one medium with respect to another medium is given by the ratio of their absolute refractive indices.
1μ2=Absolute refractive index of thesecond mediumAbsolute refractive index of thefirst medium1μ2=cv2cv1or1μ2=v1v2
Thus, the refractive index of one medium with respect to another medium is also given by the ratio of the speed of light in the first medium to its speed in the second medium.
Reference:
https://www.sciencelearn.org.nz/images/49-refraction-of-light-in-water