What the induced emf depends on
As the magnet and coil come closer together or move apart, the number of field lines linking the coil increases or decreases. The galvanometer deflects only then, so for an emf to be induced in the coil, the number of field lines linking it must change.
When the magnet moves quickly the galvanometer deflects more than when it moves slowly. That is because the coil's induced emf is directly proportional to the rate at which the field lines change.
Faraday's experiments showed that some of the factors affecting the size of the induced emf are:
Turns
The number of turns on the coil.
Magnet
The strength of the magnet.
Speed
The speed at which the magnet or the coil is moved.
Why each one helps
Each turn of the coil has its own small emf induced in it, and the turns are joined one after another like cells in series, so twice the turns gives twice the emf. A stronger magnet has more field lines, so the same movement changes the number through the coil by more. Moving faster makes the same change happen in less time, which is a greater rate of change. All three increase how fast the field lines through the coil change, and that rate is what the emf follows. Compare this with the motor: there, more turns, a stronger field and more current give a bigger force. The same parts matter both ways round.
A magnet held still does nothing
Even a very strong magnet, held still inside a coil, induces no emf at all. It is the change, not the field itself, that counts.
Turns, strength, speed
The induced emf follows the rate at which the field through the coil changes; more turns, a stronger magnet and faster movement all increase it.