The index of refraction of water (1.33) is greater than that of air (1.00).
With that said the index of refraction is related to the velocity of light by:
![n = (c)/(v)](https://img.qammunity.org/2019/formulas/biology/middle-school/34lspasafmdb8a4l034mknxkq4sh2jbzfg.png)
where n is the index of refraction, c is the speed of light in a vacuum and v is the velocity of light in the medium.
As c is constant we can see that the speed of light in a medium is inversely proportional to the index of refraction
![n \: \propto \: (1)/(v)](https://img.qammunity.org/2019/formulas/biology/middle-school/2mbora193ld0qtixs6haybigrujr8jwvss.png)
therefore the medium with the lower index of refraction will have the greatest velocity of light (Air).